- PriceHubble AG has closed its Series B round of investment, raising €28.9 million.
- It provides data-driven and machine learning-based real estate solutions focused on valuations, predictive analytics, and actionable insights.
- PriceHubble was created to increase transparency in global real estate markets.
- Its digital solutions are aimed towards banks, asset managers, developers, property managers, and real estate brokers as a B2B company.
PriceHubble AG, a fast-growing PropTech firm launched in Switzerland in 2016, has closed its Series B round of investment, raising €28.9 million. With substantial contributions from Latitude Ventures, TX Ventures, and selected business angels such as Dr. Martin Enderle, Digital+ Partners led the fundraising round.
PriceHubble set out to enhance the customer experience across the real estate and mortgage value chain by providing data-driven and machine learning-based real estate solutions focused on valuations, predictive analytics, and actionable insights, all integrated into cutting-edge visualization.
It was founded in Zurich by Dr. Stefan Heitmann and Markus Stadler and is presently operating in nine markets: Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, the Czech Republic, and Slovakia. Its fast-expanding customer base in Europe and Asia now numbers over 800 firms and has more than quadrupled in the previous year. PriceHubble presently employs approximately 130 professionals.
Why was PriceHubble Launched?
PriceHubble was created to increase transparency in global real estate markets. We give our clients information and solutions that enable them to make better real estate decisions and improve important performance indicators in their businesses (e.g. client conversion, retention, or rental yield).
PriceHubble has since assembled a one-of-a-kind team of data scientists, engineers, and seasoned entrepreneurs to give its clients the most sophisticated real estate analytics that is easily integrated into their everyday business operations.
PriceHubble’s digital solutions are aimed towards banks, asset managers, developers, property managers, and real estate brokers as a B2B company. PriceHubble is fortunate to have the support of world-class investors.
Its employs around 90 Hubblers in Zürich, Paris, Berlin, Vienna, Amsterdam, and Tokyo, and the company already operates in five countries. We are continuously on the lookout for the brightest minds to join us on this exciting adventure.
PriceHubble CEO Julien Schillewaert remarked, “The entire PriceHubble-team is incredibly happy to announce this successful Series B investment.” It is a significant step toward our goal of being the unchallenged leader in data-driven digital solutions for real estate and finance in Europe and Asia.”
Benefits of using PriceHubble
PriceHubble’s solutions and tools bring a new level of market transparency and enable its B2B clients to use the power of big data analytics for themselves and their end customers, resulting in more openness and better real estate decisions.
PriceHubble appears to be well-positioned to become the international category leader in residential real estate analytics after successfully operating in nine international countries.
The firm plans to use the new funds to pursue its development and expansion goal, as well as to further innovate in data science resources. Dr. Stefan Heitmann, Founder and Chairman of the Board of Directors of PriceHubble AG, adds, “With this fresh financing, PriceHubble can further accelerate worldwide market development and continue to expand our technological leadership in data-driven solutions for the real estate and financial sectors.”
It is one of the largest B-rounds in the European PropTech industry, and I would like to express my gratitude to both our existing and new investors for their faith and strong commitment.”
The company’s daily duty is to gather, organize, and analyze any sort of data remotely linked to the residential real estate market, such as transaction data, listings, urban amenities, socioeconomics, building permits, and so on.
They have compiled one of the most comprehensive private databases on real estate markets in the countries in which we operate. The PriceHubble family is rapidly expanding. Teams from all over the world contribute to our success and exceptional digital solutions. They have a diverse set of talents, including Data Science, Data Engineering, Data Acquisition, Frontend, and Backend Development, Real Estate, Sales, Business, and UX-Design.