Hermann Hauser, a well known UK based tech investor, will invest in Vienna based high-tech startup for home hunting zoomsquare.com.
The Austrian Hermann Hauser is one of the pioneers of the British startup scene. Hauser helped to build the thriving Silicon Fen in Cambridge - a flourishing startup tech cluster with over 1,500 businesses and sales approaching 15 billion Euros per year. He helped lead the development of market-leading ARM processors found in many cell phones, tablets and laptops. He has a reputation for not only guiding successful IPOs, but also multi-million dollar exits, evidenced by sales to Microsoft (software), Nvidia (hardware) and the €600M purchase of Solexa from Illumina (biotech).
The real estate search engine zoomsquare.com is Hauser’s first investment in Austria. "They have what it takes to become a global player: a lucrative market, the right people behind the wheel and scalable technology that has the potential to shakeup the entire real estate market. New technological ideas and disruptive approaches are always very attractive to me."
Christoph Richter, co-founder of zoomsquare, said: "We had some really long and intense discussions with him [Hauser], he leaves nothing to chance. Hauser is an old hand, having been a pioneer in the field of computers for 30 years. First and foremost he finds our semantical text analysis and our machine learning processes exciting. That’s what we use to automatically analyze the real estate listings. It’s through this technology that makes zoomsquare especially scalable.”
According to Hauser, the future lies in building smarter machines and technology that support us in day-to-day life. He said: "We won’t just have binary numbers 0 and 1, but instead possibilities that humans can actually use."
zoomsquare co-founder Christoph Richter views Hauser’s investment as an incentive as well as a duty. "Over the course of his more than 100 investments Hermann Hauser has become one of the most experienced, influential and successful venture capitalists in Europe. From over 1000 startups he selects in average just three or four a year to receive investments. When leaders in the field of his caliber believe in our project, well that provides us with a lot of courage. His engagement with us is a distinction and we’re already excited to being able to rely on his expertise, his wealth of knowledge and his impressive network."
Both sides agreed not to disclose the amount of investment. In addition, several other well-known investors have already pledged their support during this current funding round and will be disclosed at an appropriate time before the expansion into Germany at the start of 2016.