This investment follows ING Bank’s successful signing as a customer earlier this year.
PRODA’s existing investor, Surplus Invest, has also participated in the round’s financing, with a total outstanding share of approximately £ 3.4 million, consisting of new capital and conversion of existing loan notes.
This funding round helps build on the ongoing deployment of PRODA’s product pipeline, including sharing data between users and collaborating with other software and data providers.
Launched in 2017 by real estate experts Peter Bredthauer and Charles Williams, PRODA is cloud-based software that captures, standardizes, validates and exchanges rent roll data, the key data in the institutional real estate industry. The solution.
“Before signing ING Bank as a customer, we worked very closely for several months and PRODA has been extensively tested by different teams in different countries,” said CEO Bredthauer.
“We were truly impressed with ING’s interest and commitment to working with technology companies to improve processes and services, not only for ING’s employees, but also for their customers and clients.
“As a result, teaming with them was an easy decision to drive the vision of building PRODA on the main hub for processing and analyzing rent roll data.”
Technology platforms for real estate lenders, asset managers, investment brokers, and other PropTech businesses automate data processing tasks that were previously manually error-prone.
“Investing in PRODA is proof of our commitment to providing best-in-class service across ING,” said Annerie Vreugdenhil, Chief Innovation Officer of ING.
“By leveraging PRODA technology, ING helps many clients significantly reduce the administrative burden of rent role management. In addition, PRODA technology makes reporting to regulatory agencies more efficient. Can be realized. ”
PropTech PRODA supported by ING Ventures
Source link PropTech PRODA supported by ING Ventures