UAE-based proptech startup eVoost AI has raised $1.2 million in new funding, in a round led by Spanish fund First Drop and attracting investors from the Hub71 ecosystem backed by Mubadala, as well as strategic investors from several markets.
The eVoost AI platform aims to transform how residential real estate is marketed and sold by leveraging artificial intelligence, data analytics, and automation. It enables developers to identify real market demand early, and update pricing and sales strategies even before construction is complete, using behavioral analysis tools and intelligent predictions.
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eVoost AI manages over $3.5 billion in real estate assets through active commercial partnerships with developers in Europe, the UAE, and the US. The next phase targets expanding its presence in Spain and Portugal, with plans to enter new markets soon.
Co-founder and CEO Christian Pastrana said: “Our goal is to transform the real estate sector from a fragmented traditional industry into a fully data-driven and automated ecosystem.” He sees the new funding helping the company develop more software, expand the team, and accelerate international expansion.
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