Nigerian proptech startup Estate Intel bags $500 thousand, expands to other African countries

Estate Intel, a Nigeria-based proptech startup that is providing insights for safe and secured investments in real estate, has raised $500,000 in its pre-seed funding round led by MetaProp, with which it has expanded to other African countries.

• The raised fund has helped the proptech startup to expand its data footprints predominantly based in Nigeria to other African countries including Kenya, Zambia, Ivory Coast, Morocco, and Ghana.
• Estate Intel has been able to also aggregate data collected into its newly relaunched informative market dashboards with subscription plans for businesses in the real estate and construction space. The market dashboards track real estate market sizes, rent and sale prices for essential, office or retail markets, pipeline and ongoing projects, with coverage in up to 40 African countries.
• Launched in 2016, Estate Intel evolved from a blog about building development in Nigeria to a real estate data source for Africa. It provides information on historic rental, sale price, and vacancy data for thousands of properties on the continent, with insights to investors and advisors to make decisions on the real estate market.
• The proptech startup is part of the African startups that participated in Google for Startups Black Founders Fund (BFF) for Africa, where it received $100,000 in equity-free funding and support to enable it to scale.
• It recently rolled out a new product, Vesper, an automated real estate advisor that uses data to help average African invest in real estate through quick property estimates and accurate data to guide personal property investment.