Switzerland-based B2B Proptech firm PriceHubble reveals that it has finalized its $34 million Series B round.
PriceHubble’s investment round was oversubscribed and was led by Digital+ Partners, a European growth equity investor. The firm’s round was also joined by Latitude Ventures, the Series B+ sister fund of UK’s VC LocalGlobe and TX Ventures from Zurich, and TX Group AG’s venture unit.
Other business angels joining PriceHubble‘s latest round reportedly included Dr. Martin Enderle, Chairperson of Delivery Hero and ex-Chief Executive of Scout24 Group with additional support from existing investors, including Swiss Life and the btov/Helvetia Venture Fund.
PriceHubble’s management noted that they’ll use the proceeds to focus on growth and expansion efforts, while also extensively innovating in data science resources.
Established in 2016, the Proptech company is currently offering services in nine markets including Switzerland, France, Germany, Austria, Japan, Netherlands, Belgium, Czech Republic, and Slovakia.
PriceHubble’s management stated that they are focused on growing their client base across Europe as well as serving Asian markets. There are over 800 firms that are working with PriceHubble. The Proptech has managed to triple its workforce during the past year with 130 professionals on its payroll.
The company recently acquired Czech Proptech Realtify which began doing business as PriceHubble Czechia.
Julien Schillewaert, CEO at 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.”
Dr. Stefan Heitmann, Founder and Chair of the Board of Directors at PriceHubble, remarked:
“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.”
