Swiss Life, Helvetia Put More Money into Proptech

Insurers Swiss Life and Helvetia have pumped more money into proptech startup Pricehubble in its second round of financing.

Zurich-based startup Pricehubble, which specializes in digital real-estate valutions and location analysis, has secured $34 million in its second financing round, the company said in a press release Monday.

Swiss Life and the Helvetia Venture Fund are investors in the company.

Oversubscribed

The financing round was «strongly oversubscribed».

CEO Julien Schillewaert said Pricehubble aimed to be the uncontested market leader in data-driven digital solutions for the real-estate and financial sectors.

The company was founded in 2016 by Stefan Heitmann and Markus Stadler.

In the press release, Pricehubble said in had 130 employees in nine countries, Switzerland, France, Germany, Austria, the Netherlands, Belgium, the Czech Republic, Slovakia and Japan.

Its number of clients had tripled in the last 12 months to over 800 companies, the press release said.