Funding and Investment Roundup: Placy.ai

It's a small funding roundup this week, with just one story for you...

Placy.ai secures $1.1 million in pre-seed funding

Placy.ai, a Cyprus-based startup that has developed an AI assistant for buying and selling real estate, has raised €1 million (USD 1.1 million) in pre-seed funding in a round led by Zubr Capital.

The free-to-use Placy product also helps users find valuations, schedule appointments, draft agreements and write messages on WhatsApp and Telegram.

The Placy Pro product is a white-label solution, a SaaS B2B tool for real estate professionals, leveraging ChatGPT with Placy's specialised language models and trained specifically on property topics.

The company says it will use its funds to scale the white-label Placy Pro product and step up research and development for the free-to-use Placy Assistant for private buyers and sellers. The product is being piloted in its native Cyprus and the company plans to expand into Greece, the UAE, the UK and the US.

Sotiris Komodromos, commercial director at Placy, said:

"When asked if AI will replace real estate agents, I say: we’re not here for optimization, we’re here for growth."

"Our tools are designed for savvy professionals who aim to double their sales with a fraction of the effort."

Placy.ai was co-founded by Sergei Osipov, a co-founder at Russian marketplace giant Cian, while Mikhail Vasiliev and Alexander Alekseev also worked at Cian.

Placy only launched in 2024 and has already raised €250,000 (USD 270,000).