PriceHubble has successfully concluded a financing round and raised several million francs, as was reported in an article on startupticker.ch. The round was led by Helvetia Venture Fund and Swiss Life. Other investors included Austrian property company Soravia and Frank Strauss, former CEO of Deutsche Postbank.
PriceHubble turns huge data sets into accessible and lucid insights for successful navigation of the real estate market. The company’s solution aggregates and analyzes a wide range of data concerning location, the neighborhood or noise pollution and uses big data analytics and artificial intelligence to provide reliable valuations and forecasts. PriceHubble addresses all parties to the real estate value chain, such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.
It is reportedly already successful in the German-speaking region, France and Japan. Over the past 12 months, PriceHubble has increased its customer base fivefold to several hundred, while the number of staff has doubled to 72.
The new capital will be used to further drive international growth. “With these newly acquired funds, we are ideally equipped for expansion and can further capitalize on our leading European position as a proptech for data-driven real estate valuation and location analyses,” commented PriceHubble founder Stefan Heitmann.
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