Property analytics firm REalyse has launched after raising £500,000 in seed capital.
The London-based firm is designed to help property developers and investors by collecting current and historic data on investment yields, total returns, pound per square foot values and transaction volumes to identify trends and future investment opportunities.
The investment round was led by Rajiv Nathwani, owner of Quivira Capital, with participation from Round Hill Capital, Pi Labs and Anthemis Group.
Gavriel Merkado, chief executive of REalyse, said: “I am incredibly excited by the potential to use this funding round to radically update how the property industry uses data, and very proud of all the hard work the team has put into building what is arguably, already the leading data system for property developers in the UK.
“It is unacceptable that almost £5bn annually is lost by businesses in wasted time and missed investment opportunities.”
Nathwani said: “Until now, property has been behind-the-times in terms of utilising big data. I am very excited to be involved with REalyse, the cutting-edge data specialist set to revolutionise this market.
“REalyse’s data is unique and challenges current offerings from the likes of the UK House Price Index (HPI); progress Britain’s property professionals have been calling out for.”