Swiss startup eLocations is bringing prime retail locations to market in Bahnhofstrasse, New Bond Street, 5th Avenue and Canton Road to the Blockchain on their listing site.
eLocations.com, the global proptech startup – has successfully closed its seed round of one million Swiss francs from a group of independent, private global investors. Investment has come from the UK, Switzerland, and Austria.
Rents, premiums, key money, surrenders and property sale prices – nothing is as opaque as the real estate vacancy market when it comes to commercial properties on the world’s high streets and in shopping centers. This is exactly what the young Zug-based prop-tech firm wants to change. The eLocations platform and technology bring greater transparency, driving efficiencies and releasing value for all parties, including landlords, tenants, buyers, sellers, and brokers.
CEO and Founder Marc-Christian Riebe commented on the successful raise, “We are delighted to reach our CHF 1mtarget and officially close our seed round. We welcome many of the successful and highly experienced investors, joining our mission to democratize the commercial real estate sector. Our absolute focus is to free-up this incredible industry and allow it to reach its true potential through Blockchain technology. We see our work as a clear signpost for the commercial leasing market, allowing supply and demand forces to deliver more transparent, equitable and sustainable pricing models for real estate in prime locations right around the world.”
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