The finalists for the Pitch Club at this year’s Property Portal Watch conference in Madrid have been announced, with business ideas ranging from image detection technology to a platform for office space rental.
During the flagship Madrid event, six finalists will have five minutes to present their ideas to an expert panel and audience and pitch for funding.
Each participant will describe the problem they are attempting to solve with their idea or current business model, and will detail their company’s specific competitive advantage and explain why they are asking for a particular funding sum.
Each pitch will be followed by a five-minute Q&A panel to allow the judges to ask questions and flesh out finer details of the idea, as well as determine exactly how the funding would be spent.
The event will take place at the conference on Thursday 29 September from 4pm to 6pm, and the judging panel will include top-tier industry representatives from around the globe.
Here’s an overview of the six finalists.
Funding pitch: homePad is asking for €2 million (USD$2.25 million) to expand in Germany and UK and become the leader in Europe.
Funding pitch: Mesto wants to raise up to US$3 million to dominate the Ukrainian market and also expand internationally with their language agnostic platform.
Funding pitch: Homester is looking to raise US$500,000 to US$1 million in a pre-series A funding round.
Jagonal is an online platform primarily concerned with office space. It claims current commercial real estate portals provide such a poor user experience for tenants looking for an office that 80 percent choose to use tenant representatives and brokers instead. Jagonal works with major commercial property owners such as Lend Lease, DEXUS and Charter Hall with billions of dollars of commercial property assets and indexes thousands of commercial buildings and makes them searchable across 50 criteria including parking, transport, showers, views, child care facilities, floor plans, CAD drawings and more. It has powerful patent-pending tools for tenants and tenant representatives/brokers to find the right office and solves the leasing problems for landlords and real estate agents, which in turn saves millions of dollars.
Funding pitch: AUD$1.125 million (USD$848,000).
Funding pitch: A staggered investment of €2 million (USD$2.25 million) now and a further €4 million (USD$4.5 million) in 12 months’ time.
Funding pitch: To be confirmed at the event.