Proptech PriceHubble raises $34 million Series B round

PriceHubble, the globally leading AI analytics and data company for the residential estate industry, is active in nine markets in Europe and Asia. The new funds will be used to strengthen its leadership position in Europe and accelerate its international expansion.

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 London-based Series B+ fund, 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 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. 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 Zurich based company 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.»

(Press release / SK)