Estate Intel Maximizes Raised $500,000 Pre-Seed Round For Expansion

Estate Intel Maximizes Raised $500,000 Pre-Seed Round For Expansion

Estate Intel, a Nigerian property tech has announced its success in raising a pre-seed round to the worth of Five Hundred Thousand US dollars US$500,000 last year which funded its continental expansion in Africa

The prop-tech which provides analytical data for real estate in Africa was initially launched in 2016 as a blog focused on real estate content. The blog provided information about real estate in Nigeria, especially picking out particular properties and analyzing them.

Over the years, the startup has developed into one of the largest data source platforms for real estate in Africa. On Estate Intel, users can get information on vacancies, rental history, and building sale price information on a lot of properties across the continent. This information is meant to help users, real estate agents and investors to make the best decision concerning properties.

It will be recalled that Estate Intel was one of the Sixty (60) African startups selected by Google for startups Black Founders Fund, the Second cohort, of which each startup went home with equity-free funding, to the tune of One Hundred Thousand US dollars (US$100,000).

The recent win is one of the reasons Estate Intel revealed the pre-seed round it raised in the previous year. The round which was led by Metaprop was used to launch Estate Intel to other African countries, including Ghana, Ivory Coast, Kenya, Morocco and Zambia.

In the same vein, the prop-tech has recently launched a new beta product extension dubbed Vesper, the extension is a real estate advisor, an automated platform that maximizes to use of collected data to assist the average African to make the best property investment decision, quickly provide proper value estimation and accurate information on property investment.

While in an interview with Journalists, Estate Intel’s CEO and Founder Dolapo Omidire, said “The fundraise has helped us expand our data coverage in new cities like Nairobi, Abidjan, Lusaka and Casablanca, in addition to the Nigerian and Ghanaian cities we are already active in.”

He further stated, “For the Google programme, we are particularly excited about what Google Cloud tools and support mean for our real estate dashboards, mapping and Vesper. We are truly committed to using data and insights to make it easier for real estate and construction companies doing business in Africa to thrive.”