Propcorn, a pioneering AI-powered search engine for the property business, introduced the completion of its €600k pre-seed funding spherical. The financing spherical was led by Austrian enterprise angel Hansi Hansmann and his Hans(wo)males Group. The investor consortium was complemented by Calm/Storm, and Weilburg Ventures, the start-up funding arm of the Weilburg Household Workplace.
Propcorn makes a speciality of figuring out redensification and new construct potential and makes use of Synthetic Intelligence to optimise city growth and property funding.The corporate plans to make use of this backing to vary the proptech panorama for good.
The Austrian proptech was based in early 2024 by Niki Stadler (CEO), Benjamin Buchta (CPO) and Bertty Contreras (CTO). Collectively, they’re pursuing the aim of redefining using know-how within the property sector.
“We’re thrilled to have such prestigious traders on our aspect who share our imaginative and prescient to remodel the property business,” stated Niki Stadler, Founder and CEO of Propcorn. “With this funding, we’ll speed up our product growth and produce our AI-powered search engine to market in order that city planners, builders and traders can uncover new alternatives with unprecedented effectivity and accuracy.”
Optimising property portfolios
Propcorn’s platform will go reside in September 2024 and affords all customers a free trial interval. The service will present property professionals with a strong instrument to determine underutilized land and optimize property portfolios, making the method of city planning and funding sooner and extra data-driven.
“The founding staff has recognized a key ache level within the property business and is ideally positioned to unravel it with the assistance of its AI-driven platform. We’re delighted to be a part of this,” commented Hansi Hansmann, Enterprise Angel and Chairman of the Hans(wo)males Group.
The financing spherical was legally supported by RPCK Rastegar Panchal Rechtsanwälte Keyvan & Katharina Rastegar. Propcorn is considered one of Austria’s first FlexCo start-ups, demonstrating its progressive strategy not solely by way of know-how, but in addition by way of trendy company constructions, similar to worker participation via the attainable allocation of tax-privileged enterprise worth shares (UWA).
Lucanus Polagnoli, Founding Associate and CEO at Calm/Storm Ventures, added: “We’re happy to assist Propcorn’s mission with our Austrian Founders Fund, not solely as a result of we imagine within the founding staff, but in addition as a result of we see the ever-increasing strategic significance of AI-driven applied sciences. We imagine that this growth will have an effect on all industries, particularly the property sector.”
Sebastian Scholda, Managing Director at Weilburg Ventures, stated: “Propcorn solves the issues of many market contributors within the property business in an environment friendly approach. Along with property traders, for whom Propcorn supplies a strong instrument with its progressive strategy, Propcorn can be revolutionizing city growth and concrete planning. Propcorn’s options can counteract the more and more criticized difficulty of ‘soil sealing’ specifically, as redensification might be assessed way more simply and rapidly. This range and sensible relevance have been decisive elements in our funding.”