AI-Based Property Platform, Propcorn, Secures €600,000 To Transform Urban Development And Property Investment

Propcorn, a pioneering AI-powered search engine for the property industry, is proud to announce the successful completion of its pre-seed funding round. The company secured a total of €600,000 and plans to use this backing to change the PropTech landscape for good. Propcorn specializes in identifying redensification and new build potential and uses Artificial Intelligence to optimise urban development and property investment.

Propcorn was founded in early 2024 by Niki Stadler (CEO), Benjamin Buchta (CPO) and Bertty Contreras (CTO). Together, they are pursuing the goal of redefining the use of technology in the property sector. The financing round was led by the renowned Austrian business angel Hansi Hansmann and his Hans(wo)men Group. The investor consortium was complemented by the venture capital fund Calm/Storm, led by Lucanus Polagnoli, and Weilburg Ventures, the start-up investment arm of the Weilburg Family Office, led by Sebastian Scholda. These high-calibre investors underline the PropTech and investment community’s confidence in Propcorn’s visionary technology and the transformative potential of its platform. 

‘The founding team has identified a key pain point in the property industry and is ideally positioned to solve it with the help of its AI-driven platform. We are delighted to be part of this,’ says Hansi Hansmann, Business Angel and Chairman of the Hans(wo)men Group. Lucanus Polagnoli, Founding Partner and CEO at Calm/Storm Ventures, adds: ‘We are pleased to support Propcorn’s mission with our Austrian Founders Fund, not only because we believe in the founding team, but also because we see the ever-increasing strategic importance of AI-driven technologies. We believe that this development will affect all industries, especially the property sector.’ 

Sebastian Scholda, Managing Director at Weilburg Ventures, is also enthusiastic about the innovative solution: ‘Propcorn solves the problems of many market participants in the property industry in an efficient way. In addition to property investors, for whom Propcorn provides a powerful tool with its innovative approach, Propcorn is also revolutionizing urban development and urban planning. Propcorn’s solutions can counteract the increasingly criticized issue of ‘soil sealing’ in particular, as redensification can be assessed much more easily and quickly. This diversity and practical relevance were decisive factors in our investment.’ 

The financing round was legally supported by RPCK Rastegar Panchal Rechtsanwälte Keyvan & Katharina Rastegar. Propcorn is one of Austria’s first FlexCo start-ups, demonstrating its innovative approach not only in terms of technology, but also in terms of modern corporate structures, such as employee participation through the possible allocation of tax-privileged enterprise value shares (UWA). 

Propcorn’s platform will go live in September 2024 and offers all users a free trial period. The service will provide property professionals with a powerful tool to identify underutilized land and optimize property portfolios, making the process of urban planning and investm ent faster and more data-driven. ‘We are thrilled to have such prestigious investors on our side who share our vision to transform the property industry,’ says Niki Stadler, Founder and CEO of Propcorn. ‘With this funding, we will accelerate our product development and bring our AI-powered search engine to market so that urban planners, developers and investors can discover new opportunities with unprecedented efficiency and accuracy.’ 

For more information, press enquiries or to participate in the free trial, please contact Propcorn FlexCo at [email protected] or visit our website at www.propcorn.ai. About Propcorn Propcorn is a PropTech startup based in Vienna, 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 improve urban development and optimize real estate investments.

Written by Propcorn AI