Zurich-based property tech startup PriceHubble startup raises $34M to accelerate its international expansion and global footprint

Investments in property tech (Proptech) startups dropped in 2020 due to the coronavirus pandemic. Thanks to vaccines, the global economy is slowly returning back to normal and investors are making more deals in the first half of this year than we saw in the entire 2020.

This morning, PriceHubble, a Swiss B2B proptech startup that builds digital solutions for the real estate industry, announced it has closed a $34 million Series B led by Digital+ Partners,  with participation from Latitude Ventures, TX Ventures, and selected business angels, including Dr. Martin Enderle.

The round was met with strong demand from the existing investor base, among them Swiss Life and btov/Helvetia Venture Fund, the company said in a statement. PriceHubble said it will use the new capital infusion to accelerate international growth and expansion strategy, as well as to further extensively innovate in data science resources.

Founded in 2016 by Markus Stadler, Olivier Bachem, and Stefan Heitmann, PriceHubble is one of the fasted-growing global PropTech in Switzerland. PriceHubble has built innovative digital solutions for the real estate industry based on property valuations and market insights.

Leveraging big data, cutting-edge analytics, and great visualization, PriceHubble’s products suite brings a new level of transparency in the market, enabling their customers to make real estate and investment decisions based on the most accurate data-driven insights (such as valuations, market analyses, value forecasts or building simulations) and enhance the dialogue with the end consumer.

The company helps all players across the entire real estate value chain (banks, asset managers, developers, property managers, and real estate agents). PriceHubble is already active in 7 countries (Switzerland, France, Germany, Austria, Japan, Netherlands, and Belgium) and employs more than 100 people worldwide.

“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,” Dr. Stefan Heitmann, Founder, and Chairman of the Board of Directors of PriceHubble AG, said.

“By successfully operating in nine international markets, we believe that PriceHubble is very well positioned to become the international category leader in residential real estate analytics,” states Patrick Beitel, Co-Founding Partner and Managing Director at Digital+ Partners. “In combining 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.”