Zurich – PriceHubble wants to revolutionize the valuation of real estate through machine learning approaches. The Zurich-based startup has now raised several million Swiss francs in a financing round.
PriceHubble uses machine learning to offer various data-based real estate services such as online real estate valuations. A large quantity of data concerning the location and neighbourhood as well as factors like noise pollution are included in the graphical valuation. Its services are aimed at all parties in the real estate value chain, including real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.
Together with partners such as the insurance companies Swiss Life and Helvetia and big banks like Credit Suisse and UBS, the startup is developing innovative data-driven real estate solutions for end customers. PriceHubble is also working with CBRE France to supply predictive analyses and solutions to investors and property developers in France.
PriceHubble has now successfully concluded a multi-million Series A financing round. According to a statement, existing investors such as Swiss Life and Swisscom Ventures participated in the round, as well as new investors like the Helvetia Venture Fund and members of the btov private investor network.
The startup plans to use the new funds to drive further growth. “As well as strengthening our teams in Zurich and Paris, we aim to tap into other attractive real estate markets,” said Markus Stadler, CEO of PriceHubble.