Propcloud

Announcing Our Early Investment in PropCloud

We are delighted to share that we have made an early investment in PropCloud's seed round, an exclusive opportunity to be a part of a promising Norwegian proptech startup. PropCloud was founded in January 2021 by Daniel Nilsen and Haakon Walmann and has since grown to 17 employees. The company focuses on analyzing the property market similarly to the stock market, a unique offering in the proptech space.

The Goldmine of Norwegian Real Estate Data

PropCloud's founders, Daniel Nilsen and Haakon Walmann, are driven by their background in finance to bring a data-oriented methodology to the real estate industry. Their goal is to enable property developers and investors to analyze a significantly larger amount of information and evaluate more properties using big data and new analysis methods. The company has developed proprietary algorithms that use artificial intelligence to analyze real estate and map information in real-time.

Revolutionizing Property Search and Evaluation

The unique technology developed by PropCloud allows users to make targeted searches for properties based on variables that impact property value, such as utilization rates and zoning status. With PropCloud, customers can quickly narrow down millions of properties in Norway to a handful of the most relevant ones for their needs, all in under a minute. This efficient process is expected to save customers time and money, as well as uncover new opportunities in the market.

Future Expansion and Growth

Funded through modest investments from R&D Invest Boki and partners, PropCloud has been able to focus on developing a high-quality product without institutional capital. In the short term, the founders plan to refine their product for the Norwegian market. However, they also consider international expansion as a potential opportunity in the future, with the Nordic region being the most likely target.

By investing early in PropCloud, we are excited to support a groundbreaking proptech startup that promises to revolutionize the real estate industry with innovative technology and a data-driven approach.

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