Ask Wire attracts strategic investments for European markets

Real estate data analytics company Ask Wire has announced the successful completion of its equity extension round, opening the way to its further expansion.

This new capital injection will enable Ask Wire to accelerate its expansion plans across key European markets, particularly Greece and Romania, which have been identified as key strategic growth areas, a press release from the company notes.

Pointing out that the real estate data analytics company is trusted by the Cyprus government, systemic banks, insurance companies and investors, the press release stated that the majority of the funding was secured from existing investors, including notable participation from Lars Rasmussen, the co-founder of Google Maps and current technology advisor to Ask Wire.

"The remaining investment came from high net worth individuals in Greece and Romania, and Founders Bridge, a Stockholm-based small cap venture capital fund specializing in innovative startups," the announcement continued.

"Founders Bridge, known for its active investments in forward-thinking startups, sees significant potential in Ask Wire’s technology and market approach," it added.

“We are thrilled to support Ask Wire in their journey to transform the real estate data landscape in Europe,” commented Liviu Munteanu, Partner at Founders Bridge. “Their innovative platform and robust data analytics capabilities are exactly what the industry needs to drive transparency and efficiency. We are confident that our partnership will help them achieve remarkable growth, especially in the Romanian market where we see immense opportunities.”

Lars Rasmussen’s continued investment and advisory role underscore the strong confidence in Ask Wire’s vision and strategic direction, the press release continued, adding, "His expertise in technology and innovation will be instrumental as the company scales its operations and enhances its product offerings."

Pavlos Loizou, CEO of Ask Wire, commented, “We are excited to have the continued support of our existing investors and to welcome new partners who share our vision. This funding will enable us to deepen our market presence and further develop our platform to meet the growing demands of the real estate industry. With the backing of Founders Bridge and other key investors, we are well-positioned to lead the market in data-driven real estate solutions.”

Ask Wire’s platform provides comprehensive property profiles, market analysis, and risk assessments, leveraging data from various sources including government databases and high-resolution satellite images. These insights are crucial for banks, insurers, real estate investors, and other stakeholders to make informed decisions and manage risks effectively.