Funding Roundup: Trustap, Jugyah and Valuebase

Here's a quick roundup of the most interesting funding news we've seen in PropTech this week...

Trustap raises €5.8Million in Series A funding

The Ireland-based startup Trustap has raised a Series A investment round worth almost €6 million, led by TX Ventures.

Other investors include SeedX, Partners Resolute, and Aperture—and existing shareholders MiddleGame Ventures, ACT VC, Atlantic Bridge & FurthrVC.

Trustap enables marketplaces to manage and run transactions end-to-end by becoming the merchant of record and managing payments.

The platform is notably powered by its Escrow-style payments; Trustap is a secure transaction platform that protects users from being scammed when they buy or sell with someone they don't know, which is typical of real estate transactions.

Conor Lyden, CEO at Trustap, said:

"We’re delighted to have closed this round and it’s great to have added new investors to our cap table who bring with them a wealth of experience in our core markets.

"Our plan is to invest in our GTM to ensure we make the most of some of the recent partnerships we have established. We’ll also look at adding further product features to cater for the wide range of use cases we deal with across both C2C and B2B marketplaces."

Krzysztof Bialkowski, Managing Partner of TX Ventures, said:

"Our view is that within the near-mid term, marketplaces will have to offer trusted payment solutions otherwise they will miss out on new business. Trustap, by providing escrow-like payment options and by lifting the operational burden off the shoulders of marketplaces, offer just that.

"The product is immensely scalable which is proven by the global presence of clients and the numerous categories Trustap facilitates among buyers and sellers. The easy-to-implement solution, the underlying trends in the marketplace industry and the
execution-driven team will play a pivotal role for Trustap to become the leading infrastructure provider for trusted payments around the globe."

Meanwhile, Trustap has also appointed Ovidiu Solomonov, former COO of European Markets at Adevinta, to the Chairman of the Board.

Trustap won the Property Portal Watch 'Pitch Club' competition in 2019.

Jugyah Emerges from Stealth with $1.5M Funding Round

Indian online real estate broker Jugyah has officially launched, securing $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. The round also saw participation from Whiteboard Capital, Singularity Ventures, and notable angel investors including Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace).

Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah aims to revolutionize real estate brokerage with a vertically integrated, managed marketplace offering 100% verified listings. The platform features comprehensive services, including in-house mortgage origination, professional photos, and 360 virtual tours, enabling tenants and buyers to schedule visits directly on the website.

The newly raised funds will be used to expand Jugyah’s presence across the Mumbai metropolitan region, focusing on high-demand localities before extending to other cities in the state.

Jugyah's model draws inspiration from successful companies like Loft and Quinto Andar in Brazil and Redfin in the USA, combining online convenience with offline support to enhance the real estate experience.

Valuebase Secures $6.3M Series Seed Funding

Valuebase, a U.S.-based AVM company, has closed a $6.3 million Series Seed funding round led by Narya Capital, with participation from Sam Altman, Nat Friedman, Mythos Ventures, and Julian Weisser.

Founded in August 2022, Valuebase aims to revolutionize property valuation through advanced data analytics and modelling. The new funding will help expand its product offerings, enhance technology, and drive growth.

“We are excited to have the support of our investors as we enter this new phase of growth,” said Will Jarvis, CEO of Valuebase. “This investment will allow us to continue providing cutting-edge solutions that equip governments with top-tier AI valuation models.”

Valuebase’s technology assists local governments in Texas, Florida, and Virginia with optimizing revenue collection while maintaining equity and fairness.

“At Narya, we invest in exceptional founding teams who identify unique opportunities,” said Colin Greenspon, Co-Founder & Managing Partner at Narya, now a board member at Valuebase. “We are proud to partner with them in redefining the future of real estate valuation.”