Ukrainian-founded Propertymate raises $5.5M at up to $40M valuation

Ukrainian startup Propertymate (the new name is NewHomesMate), which operates on the real estate market in the United States, has raised a $5.5 million seed investment from American and Ukrainian investors. Its valuation in this round can be up to $40 million, Forbes Ukraine reports.

• Propertymate was founded in 2018 by Ukrainian entrepreneurs Bohdan Hnatkovskii and Sofia Vyshnevska. The startup team develops a marketplace for new construction homes, where the buyers of primary real estate can find information about new buildings.
• Based on AI technology, the service analyzes data about buyers and real estate, and also predicts which properties customers will be most interested in. Propertymate’s clients include the American agencies Keller Williams, eXp Realty, and Compass.

• The list of investors includes American venture capital companies Gaingels, Asymmetry Ventures, the angel syndicate Unpopular Ventures, as well as the Ukrainian Geek Ventures, Flyer One Ventures, SID Venture Partners, U.Ventures, and early investor Pragmatech Ventures.
• Former CEO of Oliver Wyman David Morrison, American economist Adrian Slivotsky, John Gu from Norwest Venture Partners, founder of SquareFoot Jonathan Wasserstrom, founder of Opswat Benny Charney are among the new angel investors.
• After the round, the startup changed its name to NewHomesMate, but its services and business model will remain unchanged.
• The startup secured the previous round of investments of $1 million in January 2021.