Zurich-based proptech startup PriceHubble raises €28.9 million to accelerate its international expansion

PriceHubble-Founders

PriceHubble AG, the fast-growing PropTech startup founded in Switzerland in 2016, successfully completed its Series B round and raised €28.9 million in new funding. Digital+ Partners led the funding round with significant investments from Latitude Ventures, TX Ventures, and selected business angels like Dr. Martin Enderle.

PriceHubble set out to 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.

Founded by Dr. Stefan Heitmann and Markus Stadler in Zurich, 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.

Julien Schillewaert, the CEO of PriceHubble stated: “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.”

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.

By successfully operating in nine international markets, PriceHubble seems to be well positioned to become the international category leader in residential real estate analytics.

PriceHubble will use the fresh capital 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.”