Swiss proptech startup, PriceHubble AG, is joining in on the international expansion train with the completion of its Series B funding round where it raised US$34 million.
Inspired by the growing demand from the company’s existing investors, including Swiss Life and btov/Helvetia Venture Fund, the round was spearheaded by Digital+ Partners, a leading European Growth Equity Investor that focuses on international B2B Software investments.
Julien Schillewaert, CEO of PriceHubble, commented:
“The entire PriceHubble-team is extremely proud to announce this successful Series B funding. It is a major milestone towards accomplishing our vision of becoming the undisputed leader in data-driven digital solutions for real estate and finance in Europe and Asia.”
PriceHubble will use this new capital for its latest growth and expansion plan, and to further innovation development in data science and resources. The Founder and Chairman of the Board of Directors, Stefan Heitmann, explained that the move will further solidify the company’s leadership in data-driven solutions for both the real estate and finance markets. This round was one of the largest B-rounds in the European proptech sector thanks to the leadership of Digital+ Partners and participating investors Latitude Ventures, TX Ventures, and selected business angels, including Dr. Martin Enderle.
PriceHubble is currently active in nine markets including Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium, Czech Republic, and Slovakia. Patrick Beitel, Co-Founding Partner and Managing Director at Digital+ Partners explained:
“By successfully operating in nine international markets, we believe that PriceHubble is very well positioned to become the international category leader in residential real estate analytics. In combining an excellent team, a mature technology-driven organization and best-in-class UX, PriceHubble is ideally equipped to accelerate further growth opportunities, attract further top talent, and scale-up the go-to-market organization internationally.”
PriceHubble has a goal to radically change and improve the customer experience for real estate and mortgage value chains with the use of machine learning-backed real estate products that focus on valuations, predictive analytics, and insights that are easy to understand and tap into for real estate professionals.
Remus Brett from Latitude Ventures, another participant in the funding round, said:
“Even though the marketing of real estate was first digitized more than a decade ago, many aspects of the sales and valuation process remain resolutely analog meaning that each stage in the transaction process is fragile. PriceHubble is bringing data-driven valuation and predictive analytics to the sector to fix many of the problems that exist in real estate markets, increasing-price transparency and ultimately serving buyers and sellers better. We have been hugely impressed by Julien and the PriceHubble-team and are excited by the ambitions they have set themselves.”
Jens Schleuniger, Head of Portfolio Management at TX Ventures, commented:
“PriceHubble's software-as-a-service solution is a game-changer in the real estate market. We were highly impressed by the team, the traction, and the incredibly user-friendly interface that allows its users to determine a fair market value for a specific property within just a few clicks!”