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Michele Mattei Michele Mattei is an Influencer

Fintech expert | Manager | Investor | Advisor

Italian prop tech Newarc raises $800k seed round led by Zest Group #Newarc, a Turin-based #proptech #startup, secures โ‚ฌ800,000 in seed funding. The round was led by a group of business angels and included a follow-on investment from the #HabiSmart accelerator, part of the CDP Venture Capital SGR Capital National Accelerator Network. The accelerator's investors include the CDP Venture Capital Accelerators Fund, #Zest, Nova Capital, and COIMA. Newarc, founded by Edoardo Tabasso, offers AI-driven digital services that streamline the processes of buying, renovating, and enhancing real estate properties. The company's innovative solutions include Newarc Insieme, Newarc Subito, and Newarc Immagina. Newarc Insieme recommends the best renovation projects to unlock the full potential of properties for sale. Newarc Subito is the startup's dedicated instant buyer service, while Newarc Immagina allows potential buyers to visualize their renovated homes through furnished floor plans, virtual tours, and video renders. The technological heart of Newarc is Tiresia, a proprietary AI for real estate valuation. Tiresia is trained on 70 variables and over one million properties, enabling precise estimates and supporting real estate agencies with comprehensive, clear, and timely evaluation reports. With the new capital, Newarc aims to expand its operations in major Italian cities, starting with Turin, Milan, and Rome. The funds will also enhance the technological development of Tiresia and support the creation of a second-generation property render configurator, essential for the commercialization of Newarc Immagina. Newarc's journey began in 2022 with the first edition of HabiSmart, CDP Venture Capital's acceleration program managed by Zest and promoted by COIMA, Ariston, Nova Capital, and Mass Challenge. This program connected Newarc with established real estate entities and other startups, providing valuable experiences and growth opportunities. The announce on #newarc website in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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