The Berlin start-up specializes in big data analysis for the real estate market - and helps to determine the value of objects.
Big Data for better decisions in the real estate market, is what Realxdata promises. Founded in Berlin in 2016, the start-up offers a platform for market analysis, asset valuations, and portfolio optimization.
In order to strengthen sales and expand the offer technically, Realxdata has now been given fresh capital; the company has recently announced that two million euros have come from existing and new investors.
Among the financiers is Rheingau Founders, the company builder, whose portfolio includes the successful Insurtech Simplesurance and the IT security provider Patronus.io, co-founded the start-up. The early-stage investor Motu Ventures, is another company investing in Realxdata, which among others participates in the digital mood barometer Opinary and the Fintech Bilendo.
With its platform, the start-up competes against traditional providers of real estate market data such as Thomas Daily or Bulwiengesa. Realxdata claims to have a very comprehensive and dynamic database. Indicators from more than a hundred sources, which influence real estate prices, thus flow into the platform. These include, for example, the number of kindergartens in the area, the density of doctors, environmental data and customer reviews of nearby cafes and restaurants.
Customers can link these external factors with data from their own real estate portfolio - and thus, for example, receive information about which properties increase in value. The platform is aimed at banks, asset and portfolio managers, investors, brokers and consulting firms. "With the Realxdata platform, Realxdata gives its customers an instrument that offers a real edge in knowledge in the race for the best deals and returns," says Philipp Hartmann from Rheingau Founders.
So far, the start-up, with its current 16 employees, is concentrating on the German market only.
Realxdata's managing directors are Titus Albrecht, Iñaki Merino, Stefan Nusche and Daniel Sprünker.
This article was sourced from a German language publication.
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