One of the sixty companies that have been selected to participate in the second batch of the Black Founders Fund offered by Google for Startups is Estate Intel, a real estate data analytics platform with a focus on Africa.
The Google initiative will provide the entrepreneurs with up to $100,000 in capital without requiring them to give up any stock, as well as an extra $200,000 in Google Cloud Credits and access to Google’s most talented employees, products, and business procedures.
This comes eight months after Estate Intel secured a pre-seed round totaling $500,000 and led by MetaProp.
Dolapo Omidire, Founder & CEO of Estate Intel
Since receiving the additional funding, Estate Intel has broadened its data footprint to cover more African nations such as Kenya, Zambia, Côte d’Ivoire, Morocco, and Ghana. Previously, the company’s focus was only on the Nigerian market. In addition, the company has been able to compile the data that it has gathered into its recently relaunched informative market dashboards. These dashboards provide subscription options to companies operating in the real estate and construction industries. These market dashboards track real estate market sizes, rent and sale prices for residential, office, or retail markets, pipeline, and active projects. Coverage for these market dashboards extends to over 44 locations in major African cities.
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“The fundraising has helped us expand our data coverage in new cities like Nairobi, Abidjan, Lusaka and Casablanca, in addition to the Nigerian and Ghanaian cities we are already active in. For the Google program, we are particularly excited about what Google Cloud tools and support mean for our real estate dashboards, mapping and Vesper, our Property Value Estimating tool, which is still in public beta and can now estimate property values in 3 African countries! We are truly committed to using data and insights to make it easier for real estate and construction companies doing business in Africa to thrive,” Dolapo Omidire, Founder & CEO of Estate Intel said.
The startup only just made available to the general public a new product extension known as Vesper in beta form. Vesper is an automated real estate adviser that makes use of data to assist the typical African invest in property. It does this by providing rapid property value estimations and reliable data to direct individual property investments.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexpert