Valuo is a Mladá Boleslav-based startup that aims to speed up and simplify the process of finding market price estimates for houses and apartments across the Czech Republic. However, this was only the first step.
The real estate website’s main mission is to combat ever-rising property prices or to make things easier for buyers. Thanks to a special algorithm, they can immediately see whether a property is being sold at too high a price. Valuo compares prices against the average in the area.
Pale Fire Capital now owns 29 percent of the company. “We have been interested in innovative online real estate services for some time. We are delighted that through Valuo we can now take a first look at this segment,” comments Jan Barta, co-founder of the fund, on the investment.