Switzerland-based proptech company PriceHubble has announced the acquisition of France-based proptech startup Urbanease, which it described as “a leader in land sourcing and urban-planning data solutions.” Financial terms were not disclosed.
“This strategic step enables PriceHubble to further bolster its strong presence in the French market, while expanding its product offering,” it added.
Founded in 2019, Urbanease is an SaaS provider targeting property professional with data and analytics relating to land sourcing and town planning. According to Price Hubble, Urbanease has more than 12,000 users.
PriceHubble described the Bayonne-headquartered company’s products and datasets as “highly complementary” to its own services, which it said were based on big data and machine learning.
“We are delighted to have the Urbanease team join us, a team we know well and with whom we already share strategic customers. We have been very impressed by the deep local expertise and the quality of the technology Urbanease has developed,” commented Alexis Radjabi, PriceHubble chief sales officer for Western Europe.
“Today, Urbanease embarks on a new, exciting and international journey, aiming to leverage the expertise and technology of each other to better serve our current and future customers,” said Urbanease CEO and co-founder Valentin Peersman.
“There were obvious synergies between us. They do the estimation, and we help with the estimation.”
Since the beginning of this year, PriceHubble has been involved in no fewer than eight acquisitions or partnership announcements. These include the purchase of U.K.-based WhenFresh, a partnership with Germany-based IndustrialPort, the acquisition of U.K.-based property market intelligence company DataLoft and a partnership with Switzerland-based banking software provider Temenos Exchange.
PriceHubble is present in nine countries in Europe, as well as in Japan, with 200 employees in its offices in Prague, Paris, Zurich, Berlin, Vienna, Amsterdam and Tokyo.