Propcorn secures investment from tecnet equity

Vienna, November 14, 2024 - PROPCORN AI, the innovative PropTech company based in Klosterneuburg, proudly announces today the successful closing of a EUR 200,000 pre-seed round extension. This investment comes from tecnet equity, the leading technology investor from Lower Austria, and underlines the confidence in PROPCORN AI's growth potential and technological leadership in the field of real estate digitization. The extension now completes the pre-seed round totaling EUR 800,000, supported by existing investors Hans(wo)men Group, Calm/Storm Ventures and Weilburg Ventures.

With this financial injection, PROPCORN AI will further advance its mission to transform the real estate market through the use of artificial intelligence and data-driven insights. Thanks to the innovative AI search engine, companies in the real estate industry will receive valuable support to carry out potential analyses efficiently and cost-effectively, make data-based investment decisions and sustainably optimize their real estate portfolio. The focus is particularly on the use of machine learning to simplify the calculation of m² and significantly increase transparency on the real estate market.

“We are very pleased with the trust that tecnet has placed in us with this investment,” says Niki Stadler, CEO of PROPCORN AI. "This collaboration not only enables us to expand our technological capabilities, but also to tackle the next development phase of our platform. Our goal is to significantly shape the digital future of the real estate sector and act as a driver of innovation."

tecnet equity is known for supporting numerous technology companies that are shaping the future of the Austrian economy. “PROPCORN AI has both a highly experienced, visionary team and proprietary technology to make a significant contribution to the digitalization of the real estate market,” emphasizes Rene Danzinger, Investment Manager at tecnet equity. “We are convinced that PROPCORN AI is able to challenge the traditional structures of the industry and bring about lasting positive change.”

Lisa Pallweber, Managing Partner at Hans(wo)men Group, adds: “We are delighted to welcome tecnet as another experienced early stage investor in the round, who also believes in the potential and shares the vision for PROPCORN.”

The financing round opens up new growth and innovation potential for PROPCORN AI, including the further development of the AI-based platform, the expansion into other market segments and the development of new cities. With this support, PROPCORN AI will further consolidate its position as a technology leader in the PropTech sector. For more information, press inquiries or to participate in the free trial, please contact Propcorn FlexCo at hello@propcorn.ai or visit our website at www.propcorn.ai.

About PROPCORN AI

Propcorn is a PropTech startup based in Klosterneuburg, Austria, founded by Niki Stadler, Benjamin Buchta and Bertty Contreras. The company specializes in the use of artificial intelligence to identify redensification and new construction potential in order to simplify the calculation of m2 and optimize real estate investments.

About tecnet equity

tecnet equity is the leading venture capital company of the province of Lower Austria and supports future-oriented technology companies through strategic investments. With a focus on innovation and sustainability, tecnet equity contributes to developing domestic companies into global market leaders and actively promoting the digital transformation of the Austrian economy.

Query note:
Propcorn FlexCo
Contact person: Niki Stadler, CEO
E-mail: niki@propcorn.ai
Website: www.propcorn.ai