PriceHubble raises $ 34 million
PriceHubble raised $ 34 million in a heavily oversubscribed financing round. With this, Proptech wants to accelerate global expansion and further expand its technology leadership in data-driven solutions for residential property analysis.
Zurich-based PriceHubble AG has successfully completed a Series B financing round. The proptech was able to raise $ 34 million from new and existing investors, according to a media release . It focuses on real estate valuations and property insights on the basis of big data analytics and artificial intelligence. This round was led by Digital + Partners . The internationally growing company received "significant investments" from Latitude Ventures , TX Ventures and Business Angels. It also met with great demand from existing investors, including Swiss Life and btov / Helvetia Venture Fund .
This is one of the largest B rounds in the European proptech scene, said Dr. Stefan Heitmann, Co-Founder and Chairman of the Board of Directors of PriceHubble. CEO Julien Schillewaert considers it an "important milestone on the way to realizing our vision of becoming the undisputed market leader for data-driven digital solutions for the real estate and financial industries in Europe and Asia".
For this, PriceHubble “with the combination of an excellent team, a mature technology-driven organization and a best-in-class UX, PriceHubbel is ideally equipped to continue to drive growth, to attract additional top talent and the go-to-market organization to scale internationally ”, says Patrick Beitel, co-founder and managing director at Digital + Partners.
The company, which was founded in Zurich in 2016, is now active in nine markets: Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, the Czech Republic and Slovakia. The B2B customer base has tripled in the past twelve months. It now consists of 800 companies.