Cypriot firm received additional funding for real estate analysis

Cyprus-based real estate analytics company Ask Wire has successfully completed its round of additional funding, the company said in a statement. The statement notes that both existing and new investors participated in the round, underscoring the strong confidence in the company's innovative products and growth trajectory. Ask Wire differentiates itself by its use of data from a variety of sources, including open data, government and EU databases, and high-resolution satellite imagery. These resources feed an innovative and combined platform that generates comprehensive profiles for every property in Europe.

Ask Wire CEO Pavlos Loizou

notes that the company launched in Cyprus in September 2020 and then entered the Greek market two years later. He says that for the past three years, the team has focused on new product development and introduction. "We have taken a big step in the digitalization of the European real estate market environment," he added. The company's vision to increase transparency has resonated with investors in Cyprus, Europe and the US, and has made it one of the leading start-ups in the region.

Ask Wire has developed powerful software and data-driven tools tailored to the specificities of the Cyprus and Greek real estate markets. They include Real Estate Dynamics (RED), an intelligent market analysis tool that provides valuable information on transactions, prices, new construction and time on market.

The expansion of Ask Wire's business is already in full swing, with the company having a portfolio of major clients including the Cypriot government, system banks servicing insolvent loans and insurance companies. "This new investment allows us to expand and provide unrivaled information and tools to our growing customer base," concluded CEO Pavlos Loizou.