Ukrainian startup Propertymate attracted $ 1 million investment from Pragmatech

 Propertymate startup, founded in 2018 by Ukrainians Bohdan Gnatkovsky and Sofia Vishnevskaya, attracted $ 1 million in investments from Pragmatech Ventures. Earlier, as part of the Techstars acceleration program, the startup also received $ 120,000 in investments.

According to Propertymate representatives, the investment will be directed to expanding the startup in two more US cities.

    “Previously, Propertymate focused on real estate agents who needed access to information on all new developments in their area. As the number of partnerships with developers increased, more and more developers became interested in direct communication with buyers. We shifted our focus and started providing service to real estate buyers, which has become one of Propertymate's most successful experiments, ”said SOO of the startup Sofia Vishnevskaya.

Now Propertymate operates in Austin (Texas, USA), and thanks to the investments, the founders plan to scale to two more US cities - Dallas and Houston.

    “Despite COVID-19, the US primary property market is booming. We felt an even greater demand for our service, and now, thanks to investments, we plan to start working in Dallas and Houston within the next 6 months, ”said Bohdan Gnatkovsky, CEO Propertymate.

About Propertymate

Bogdan Gnatkovsky and Sofia Vishnevskaya founded the startup in 2018. Propertymate is a platform that allows primary residential property buyers to find all the information about new developments. The startup is based on artificial intelligence that helps analyze data about buyers and real estate. He predicts which properties customers will be most interested in.

At the start of the pandemic, developers cut marketing costs and began looking for alternative sales channels such as Propertymate. The platform takes a commission from them on a deal only with customers who made a purchase. Thanks to this, the number of clients of the service has grown 65 times since March 2020.

Propertymate's clients are: Lennar, D.R. Horton, Taylor Morrison and Pulte Homes. Among the agencies using the platform are the largest US market players, such as Keller Williams, eXp Realty, and Compass.

Now the startup team consists of 17 people working in Lviv, Kiev, New York and Austin. Propertymate is now actively growing and hiring new people.