Zurich - PriceHubble has raised gross proceeds of 34 million US dollars following a hugely oversubscribed financing round. The PropTech firm plans to use this investment to accelerate its global expansion plans and further expand its market-leading position in the field of data-driven solutions for residential property analysis.

PriceHubble
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PriceHubble AG has successfully closed a Series B financing round, as part of which the Zurich-based PropTech firm raised a total of 34 million dollars from both new and existing investors. Further details can be found in a press release. The company focuses on real estate valuations and asset insights generated on the basis of big data analytics and Artificial Intelligence (AI). The financing round was led by Digital+ Partners. According to information from PriceHubble itself, the internationally growing company attracted “significant investments” from Latitude Ventures, TX Ventures and business angels. Strong demand came from existing investors including Swiss Life and btov/Helvetia Venture Fund.

This was one of the largest Series B financing rounds ever carried out within the European PropTech scene, according to Dr. Stefan Heitmann, co-founder and Chairman of the Board of Directors of PriceHubble. CEO Julien Schillewaert regards the financing round as “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”.

With the combination of “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”, explains Patrick Beitel, Co-Founding Partner and Managing Director at Digital+ Partners, in the press release.

The company, which was founded in Zurich back in 2016, is now active in nine markets overall: Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, Czech Republic and Slovakia. Over the past 12 months, the company has seen its B2B client base increase three-fold, and now comprises 800 companies overall.

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