Swiss Proptech Firm PriceHubble Bags US$34 Million for Its International Expansion Plansby Fintechnews Switzerland July 19, 2021
Swiss B2B proptech startup PriceHubble announced that it has successfully completed its Series B funding round and raised US$ 34 million.
The financing round was strongly oversubscribed and led by Digital+ Partners, a European growth equity investor.
Latitude Ventures, the Series B+ sister fund of London-based VC LocalGlobe and TX Ventures from Zurich, TX Group AG’s venture arm, joined the round.
Other high ranking business angels which joined the round includes Dr. Martin Enderle, Chairman of Delivery Hero and former CEO of Scout24 Group with strong support from existing investors, such as Swiss Life and btov/Helvetia Venture Fund.
PriceHubble will use the funds from this investment for its growth and expansion strategy, as well as to further extensively innovate in data science resources.
Founded in 2016, the proptech is now active in nine markets; Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium, Czech Republic and Slovakia.
PriceHubble said that 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 firm had recently acquired Czech proptech startup Realtify and started operating as PriceHubble Czechia with immediate effect.
Julien Schillewaert, CEO of PriceHubble said,
“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,”
Dr. Stefan Heitmann, Founder and Chairman of the Board of Directors of PriceHubble added,
“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.”
Featured image: (left to right) Dr. Stefan Heitmann, Co-Founder/Chairman of the Board of Directors of PriceHubble, Markus Stadler, Co-Founder/COO PriceHubble, Julien Schillewaert, CEO PriceHubble