Zubr Capital has invested €1M in pre-seed funding for Placy, a Cypriot real estate startup utilizing AI technology to streamline property processes.
Target Information
Placy is a pioneering startup based in Limassol, Cyprus, founded by experienced professionals from CIAN, a renowned global property portal, and Wargaming. Launched just 10 months ago, Placy specializes in leveraging artificial intelligence to automate various real estate processes, including property valuations, research, scheduling, and drafting agreements.
This innovative AI-powered tool is initially being piloted in Cyprus, with plans to expand to additional markets including Greece, the UAE, and the UK. The company's vision is to optimize real estate operations, allowing agents to focus more on connecting with clients and understanding their unique needs.
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Industry Overview in Cyprus
The real estate industry in Cyprus has been undergoing a significant transformation, driven by advancements in technology and a growing demand for more ef
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in 2024
in a Pre-Seed Stage deal
Disclosed details
Transaction Size: $1M