Poland’s SonarHome raises 5.6 million euros to disrupt CEE property market
Warsaw-based realtech start-up SonarHome has raised 5.6 million euros inside a debt and equity round.
SonarHome aims to alter the way in which use then sell homes in Central and Eastern Europe by introducing the things they call the iBuying plan to the market. Having its platform, users can quickly and safely sell an apartment or house in a couple of days.
Founded in 2022 by Mateusz Romanowski, the start-up's goal would be to alleviate the complexity and stressfulness of the secondary real estate market. SonarHome is definitely an end-to-end residential housing market that operates in Warsaw and 50 other Polish cities.
The company uses its technology to estimate the need for the home, then purchases it and pays the seller in cash. By doing this, the organization claims, the sale process is drastically shortened – from the standard many months to simply a couple of days.
“Real estate markets in Central Europe happen to be going through rapid changes, but it is still difficult for homeowners to market their properties on the secondary market. Sellers often don't even know the real worth of their real estate. We want to level the arena making the whole process easier,” explains Romanowski.
“SonarHome empowers homeowners with a free home value estimator, helps them to find the buyer around the free market, and perhaps even buys their properties for money, at fair market prices.”
To date, the company has participated in over 160 transactions. Using the new funds, SonarHome intends to further develop its automated property valuation tech, using AI and machine learning while also expanding with other cities within the CEE region for example Budapest, Bucharest, Bratislava, and Prague.
London-based cryptocurrency rewards platform Celsius acquires a part of Belgrade-based MVP Workshop
Industry-leading crypto rewards platform Celsius has announced it has acquired a development division from the Belgrade-based MVP Workshop – a start-up studio for blockchain product.
Following the acquisition, around fifty of MVP Workshop's engineers will join Celsius and form a Belgrade-based product centre. Based on the company's pr release, Celsius and MVP will work together to recognize synergies and opportunities underneath the leadership of Nuke Goldstein, CTO of Celsius and Ivan Bjelajac, former CEO of MVP Workshop, and now the manager from the Celsius development centre in Belgrade.
“We have been working together since day one and that we think that the following part of our collaboration may be the right next step within our partnership,” says Ivan Bjelajac, manager from the Celsius development centre in Belgrade. “This merger allows MVP Workshop employees who have been focusing on the work in excess of three years to become a fundamental element of a leading blockchain loan provider that shares our values. This helps us scale in the long run, and i'm very thankful to Celsius for the journey we had this far, but for the one that is coming up next.”
Hungarian LabShare wins MVM Edison start-up event
Hungarian start-up LabShare, a B2B platform that connects accredited testing laboratories with product developers requiring validation tests, continues to be named winner of the scale-up category at the fifth MVM Edison start-up contest.
The contest was hosted by Hungarian energy company MVM and its incubator house Smart Future Lab.
LabShare won the award around the strength of its innovative concept to foster international collaboration of laboratories while at the same time saving its users money, time, and environmental costs.
“We launched our service at the end of this past year, so it's still a brand new concept,” says Levente Bakos, the CEO of LabShare.
As he explains, LabShare is similar to accommodation booking websites, except that in this case manufacturers are now being connected to accredited laboratories who are able to perform required validations tests with a concentrate on the consumer electronics and automotive industries.
“Before introducing certain products to the market, whether phones, hairdryers, the appliances of self-driving cars or any other equipment, we have to assure they adhere to the applicable laws and quality standards relating to a particular region,” Bakos explains.
LabShare aims to resolve the numerous logistical challenges active in the testing process, from the significant extra costs of shipping parts across the globe to labs being overbooked or however under-utilised.
Developers while using start-up's platform can choose between labs based on their preferences and in the procedure cut costs as well as reduce their carbon footprint through optimal use of capacities.