PR90711

ZURICH, July 19, 2021 /PRNewswire=KYODO JBN/ --

PriceHubble AG, the fast-growing global PropTech founded in Switzerland in

2016, successfully completed its Series B round and raised USD 34 million in

new funding. Digital+ Partners led the investment round with significant

investments from Latitude Ventures, TX Ventures, and selected business angels,

including Dr. Martin Enderle. The round was met with a strong demand from the

existing investor base, among them Swiss Life and btov/Helvetia Venture Fund.

PriceHubble, the globally leading AI analytics and data company for the

residential estate industry, successfully completed its Series B investment

round, raising USD 34 million in new funding. Founded by Dr. Stefan Heitmann

and Markus Stadler in Zurich in 2016, PriceHubble has experienced a fast and

successful development and is now active in nine markets: Switzerland, France,

Germany, Austria, Japan, Netherlands, Belgium, Czech Republic and Slovakia. Its

rapidly growing customer base in Europe and Asia consists of more than 800

companies and has tripled over the last twelve months. PriceHubble currently

employs over 130 specialists.

“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,” states Julien Schillewaert, CEO of

PriceHubble.

PriceHubble is working to radically improve the customer experience across the

real estate and mortgage value chain by developing data-led and machine

learning-based real estate products with a focus on valuations, predictive

analytics and actionable insights, all embedded in a state-of-the-art

visualisation. PriceHubble’s products and tools provide a new level of market

transparency and enable PriceHubble’s B2B customer base to leverage the power

of big data analytics for them and their end customers, ultimately achieving a

higher level of transparency and smarter real estate decisions.  

The financing round was strongly oversubscribed and was led by Digital+

Partners, the leading European Growth Equity Investor focussed on international

B2B Software investments. Furthermore, Latitude Ventures, the Series B+ sister

fund of LocalGlobe, the London based VC with a very successful multi-year

growth track in supporting high growth start-ups, and TX Ventures from Zurich,

TX Group AG’s venture arm, joined the round among high ranking business angels,

including Dr. Martin Enderle, Chairman of Delivery Hero and former CEO of

Scout24 Group, and strong support from existing investors, such as Swiss Life

and btov/Helvetia Venture Fund.

PriceHubble will use the funds from this investment for its growth and

expansion strategy, as well as to further extensively innovate in data science

resources. Dr. Stefan Heitmann, Founder and Chairman of the Board of Directors

of PriceHubble AG, adds: “With this new capital, PriceHubble can further

accelerate the global market expansion and continue expanding our technology

leadership in data driven solutions for the real estate and finance markets. It

is one of the largest B-rounds in the European PropTech scene and I would like

to thank both our existing and new investors for their trust and strong

commitment.”

“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,” states Patrick Beitel, Co-Founding

Partner and Managing Director at Digital+ Partners. “In combining an excellent

team, a mature technology-driven organisation 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 organisation internationally.”

Picture is available at AP Images (http://www.apimages.com)

Press contact:

Roswitha Brunner, Head of Corporate Communication

+41 76 577 15 29

roswitha.brunner@pricehubble.com

About PriceHubble

PriceHubble is a Swiss B2B PropTech company that builds innovative digital

solutions for the real estate industry based on property valuations and market

insights. Leveraging big data, cutting-edge analytics and great visualisation,

PriceHubble’s products suite brings a new level of transparency in the market,

enabling their customers to make real estate and investment decisions based on

the most accurate data-driven insights (such as valuations, market analyses,

value forecasts or building simulations) and enhance the dialogue with end

consumer. PriceHubble's digital solutions are designed to help all players

across the entire real estate value chain (banks, asset managers, developers,

property managers and real estate agents). PriceHubble is already active in 9

countries (Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium,

Czech Republic and Slovakia) and employs more than 130 people worldwide.

Source: PriceHubble AG