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Media release
Venturing & incubation

PriceHubble concludes multi-million franc financing round

PriceHubble, founded in 2016 with the objective of revolutionising the valuation of real estate through state-of-the-art machine learning approaches, is concluding an A series financing round worth several million francs. Alongside existing investors such as Swiss Life and Swisscom Ventures, further investors are also participating, with Helvetia Venture Fund as lead investor.
15.12.2017
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Zurich-based start-up PriceHubble uses machine learning to offer various data-based real estate services, such as online real estate valuations. A large quantity of data concerning the location and neighbourhood as well as sentimental factors such as noise pollution and other emissions are included in the valuation. PriceHubble addresses all parties to the real estate value chain such as real estate portals, banks, asset managers, insurance companies, real estate investors and private individuals.

Alongside insurance companies such as Swiss Life and Helvetia as well as real estate portals and service providers, PriceHubble is also collaborating in Switzerland with CS and UBS, among others, in developing innovative data-driven solutions for end customers. PriceHubble has also been active in France since the middle of the year and in partnership with CBRE France supplies predictive analyses and solutions to investors, REITs and property developers. Further expansion is planned for 2018. "As well as strengthening our teams in Zurich and Paris, we aim to tap into other attractive real estate markets", says Markus Stadler, CEO of PriceHubble.

Strong interest in A series financing round
The funds for further growth will come from the A series financing round that has now been concluded. The interest shown by investors has been strong and PriceHubble has successfully released several million francs. In addition to existing investors such as Swiss Life and Swisscom Ventures, others such as the Helvetia Venture Fund and members of the btov private investor network participated in the financing round. "For Helvetia, PriceHubble offers a range of new analysis tools that can deliver valuable additions to our real estate and mortgage business when it comes to location decisions and portfolio management", explains Ralph Honegger, Chief Investment Officer of the Helvetia Group.


This media release is also available on our website www.helvetia.com/media.

Contact information
Analysts
Helvetia Group
Susanne Tengler
Head of Investor Relations
Dufourstrasse 40
CH-9001 St.Gallen

Phone: +41 58 280 57 79
investor.relations@helvetia.ch
www.helvetia.com
Media
Helvetia Group
Jonas Grossniklaus
Media Relations Manager
St. Alban-Anlage 26
CH-4002 Basel

Phone: +41 58 280 50 33
media.relations@helvetia.ch
www.helvetia.com
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