Baloise and UBS Increase Their Stake in Proptech Houzy

Baloise and UBS Increase Their Stake in Proptech Houzy

by November 14, 2022

Swiss insurtech Baloise and UBS have increased their stake in Houzy, a proptech startup which supports owners of houses and apartments with their property-related needs.

Both Baloise and UBS invested in Houzy at an early stage and this announcement emphasises their joint ambitions in the home and living ecosystem.

Houzy helps homeowners and prospective homeowners plan and manage their property by providing recommendations for property valuations, financing, renovation planning, and other services.

Founded in 2017, Houzy has more than 110,000 registered users and is headquartered in Zurich. Baloise and UBS first invested in the company in 2020.

Sabine Magri, COO UBS Switzerland AG

Sabine Magri

“The acquisition of a joint majority stake in Houzy represents another milestone in the expansion of the ecosystem partnership between UBS and Baloise. Together with Houzy, we will now work on developing new and innovative solutions for our clients,”

said Sabine Magri, COO at UBS Switzerland.

Yannick Hasler

Yannick Hasler

“Following the recently announced partnership of Baloise and UBS with property transaction platform Brixel, we will draw on the respective core competencies and services of each partner in order to boost digitalisation across the entire ecosystem,”

said Yannick Hasler, Head of Private Clients at Baloise.