The start-up scene in emerging Europe is flourishing: new money is constantly pouring into the market. To keep you up to date with the latest investments, innovations, engines and shakers, every Monday Emerging europe offers you a practical overview of start-ups in the region that have closed funding rounds in the previous seven days.
SonarHome in Poland raises 5.6 million euros to disrupt Central and Eastern European real estate market
Warsaw-based Realtech start-up SonarHome has raised 5.6 million euros in a funding round.
SonarHome aims to change the way people buy and sell homes in Central and Eastern Europe by bringing what they call the iBuying service to the market. Thanks to its platform, users can quickly and securely sell an apartment or house in just a few days.
Founded in 2018 by Mateusz Romanowski, the start-up aims to alleviate the complexity and stress of the secondary real estate market. SonarHome is an end-to-end residential real estate market that operates in Warsaw and 50 other Polish cities.
The company uses its technology to estimate the value of the property, then buys it and pays the seller in cash. This way, the company says, the sales process is drastically shortened, from months to days.
âThe real estate markets of Central Europe have undergone rapid changes, but it is still difficult for owners to sell their properties on the secondary market. Often, sellers do not even know the real value of their property. We want to level the playing field and make the whole process easier, âexplains Romanowski.
âSonarHome gives homeowners a free home appraiser, helps them find the buyer on the open market, and in some cases even buys their properties for cash, at market prices. “
To date, the company has participated in over 160 transactions. With the new funds, SonarHome plans to further develop its automated property valuation technology, using AI and machine learning, while also expanding to other cities in the EEC region such as Budapest, Bucharest, Bratislava and Prague.
London-based cryptocurrency rewards platform Celsius acquires part of Belgrade-based MVP workshop
Industry-leading crypto rewards platform Celsius has announced the acquisition of a development division of the Belgrade-based MVP Workshop, a start-up studio for blockchain product development.
Following the acquisition, around fifty engineers from MVP Workshop will join Celsius and form a product development center based in Belgrade. According to the company’s press release, Celsius and MVP will work together to identify synergies and opportunities under the leadership of Nuke Goldstein, CTO of Celsius and Ivan Bjelajac, former CEO of MVP Workshop, and now director of the Celsius Development Center at Belgrade.
âWe have been working together since day one and we believe that this next step in our collaboration is the right next step in our partnership,â says Ivan Bjelajac, director of the Celsius development center in Belgrade. âThis merger will allow MVP Workshop employees who have been working on the project for over three years to become an integral part of a leading blockchain finance company that shares our values. This will help us evolve in the long term, and I am very grateful to Celsius for the journey we have made so far and for the one that awaits us. “
Hungarian LabShare wins MVM Edison start-up event
Hungarian start-up LabShare, a B2B platform that connects accredited testing laboratories and developers of products requiring validation testing, was named winner of the scale-up category at the fifth start-up competition. up MVM Edison.
The competition was organized by the Hungarian energy company MVM and its incubator Smart Future Lab.
LabShare won the award for the strength of its innovative concept aimed at fostering international laboratory collaboration while saving users money, time and environmental costs.
âWe launched our service at the end of last year, so it’s a new concept,â says Levente Bakos, CEO of LabShare.
As he explains, LabShare is similar to accommodation booking websites, except in this case the manufacturers are connected to accredited laboratories that can perform the required validation tests with a focus on industries in the industry. consumer electronics and automotive.
âBefore we bring certain products to market, whether they are phones, hair dryers, self-driving car devices or any other equipment, we need to ensure that they comply with applicable laws and regulations. quality standards relating to a particular region, âsays Bakos.
LabShare aims to solve the many logistical challenges involved in the testing process, from the significant additional costs of shipping parts around the world to overbooked or underutilized laboratories.
Developers using the start-up’s platform can choose between laboratories according to their preferences and in the process reduce costs and also reduce their carbon footprint through optimal use of capacity.
âLabShare’s ‘one-stop-shop’ concept makes Google searches unnecessary because all the required information is stored in one place, making it easy for developers to compare, select and contact labs on the same platform. Labs, on the other hand, are becoming easier to find and gain more customers. It’s a win-win situation, âconcludes Bakos.
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