04.06.2024
Ask Wire, a real estate data analytics company trusted by the Cyprus government, system banks, insurance companies and investors, is pleased to announce the successful completion of its equity capital expansion round. This new capital increase will allow Ask Wire will accelerate its expansion plans in key European markets, especially Greece and Romania, which have been identified as key growth markets.
Most of the funding came from existing investors, including notable participation from Lars Rasmussen , co-founder of Google Maps and current technology consultant Ask Wire .
The rest of the investment came from high net worth individuals in Greece and Romania, as well as from Founders Bridge , a small-cap venture capital fund based in Stockholm specializing in innovative start-ups . Founders Company Bridge, known for its active investment in innovative startups , sees significant potential in Ask’s technology and market approach Wire .
“We are pleased to support Ask Wire in its quest to change the real estate data landscape in Europe,” said Liviu Munteanu , Founders Partner Bridge . “Its innovative platform and powerful data analytics capabilities are exactly what the industry needs to drive transparency and efficiency. We are confident that our cooperation will help the company achieve significant growth, especially in the Romanian market, where we see huge opportunities.”
Rasmussen’s continued investment and advisory role underscores strong confidence in Ask’s vision and strategic direction Wire . His experience in technology and innovation will help the company expand its operations and improve its product offering.
Pavlos Loizu , CEO of Ask Wire , commented: “We are pleased with the continued support of our existing investors and welcome new investors who share our vision. This funding will allow us to deepen our market presence and continue to develop our platform to meet the growing needs of the real estate industry. Thanks to the support of Founders Bridge and other key investors, we are well positioned to become a market leader with data-driven real estate solutions.”
Ask Platform Wire provides detailed property profiles, market analysis and risk assessments using data from a variety of sources, including government databases and high-resolution satellite imagery. This information is vital for banks, insurers, real estate investors and other stakeholders to make informed decisions and effectively manage risk.
