Finding a property online is hardly a new concept, but Austrian startup Zoomsquare has put their own spin on it by applying the principles of dating services with a platform that allows users to create a profile and then receive results designed to match with certain keywords.
I wanted to get a feel for the service, which is available in German and English (and soon in Turkish and French), and found that they offer an extensive number of filters, allowing users to find listings based on location, price, the number of rooms, size, and dozens of other features. One of the things that I like about this service is that they not only provide the information that you would expect to have about a property, but also offer details on nearby “family-oriented” spots (schools, parks, etc.), other local spots (other parks), local shops, and on gas stations and public transportation. If a user takes an interest in a particular listing, they are directed towards a third-party site to complete the actual transaction.
A representative from Zoomsquare tells me that the startup generates its revenue through sharing market data and that they plan to soon offer a patented white-label technology and premium services for agents.
Zoomsquare has found a healthy demand since it launched on iOS and Android in August 2014, currently claiming more than 200K visitors per month to its website. In terms of funding, the startup has obtained more than 1.1 million Euro, with the latest (undisclosed) amount coming from U.K.-based and Austrian native Hermann Hauser. With this latest backing, the startup intends to move forward with plans to expand into Germany in 2016. What is interesting is that the startup has also revealed that other investors have pledged financial support and that they intend to conclude a Series A, but details on that will not be available until summer 2016.