Ukrainian-founded proptech Prengi raises $500k from SMRK fund

Founded by Ukrainians and US-headquartered property and facilities management SaaS platform Prengi has raised $500,000 in a seed round led by Ukrainian venture capital fund SMRK, reports. Now the platform’s valuation is estimated at $3 million.

  • Launched in 2015 by Sergey Shulga, Prengi develops an all-in-one facility management platform that tracks all maintenance processes with detailed reports designed for shopping centers, retail chains, business centers, and manufacturing plants. This platform includes features such as work order management, analytics, and an intuitive dashboard.
  • Prengi claims that its solution helps to accelerate the growth of the business, minimizes operational risks, saves time, and money.

“When Prengi was created, it wasn’t meant for sale at first, it was a tailor-made product for our facility management company. Later, we discovered that the platform turned out unique: nothing similar is available on the market yet – not with similar features and not for the same cost, for sure. We have our success story in Ukraine and other European countries, and now our team sees great perspective globally,” 

Sergey Shulga says.
  • SMRK is a Ukrainian fund focused on seed and Series A rounds investments. Recently, it also led a $500,000 round for Ukrainian VR startup Aspichi, and $1.5 million for a Ukrainian startup specializing in warehouse robotics engineering and software development, Deus Robotics.
  • The fresh round will be spent for the company’s expansion further in the US, and into Europe and the Middle East.