Abu Dhabi sovereign wealth fund enters proptech with eVoost AI
Hub71, the technology ecosystem promoted by Abu Dhabi, has led a €1.4 million funding round for Spanish start-up eVoost AI. The company, based in the Persian Gulf country, will be the only Spanish start-up, and one of only two European companies, to join Hub71 and receive funding and acceleration support.
eVoost AI’s technology enables the complete automation of real estate sales through a digital, autonomous, and emotionally intelligent system. Through virtual agents integrated into the web, WhatsApp, voice, and social networks, the platform generates hyper-personalized experiences based on DISC emotional profiles (Dominance, Influence, Steadiness, and Compliance) and real-time data, offering 24-hour service in multiple languages and perfectly synchronized with the developer’s CRM and payment systems. The start-up claims to have already signed real estate contracts worth more than $2 billion, to which must be added the recent exclusive marketing agreement with Hercesa worth another €860 million, all in its first year of operation.
According to the company, the funding round will enable it to grow in the world’s largest real estate and new construction market, which some analysts estimate will be worth more than $200 billion by 2030.
In addition to capital, start-ups entering Abu Dhabi’s technology ecosystem gain access to the Hub71 network and its marketplace, talent pool, and investor networks, positioning them to take advantage of business opportunities and scale rapidly from the capital of the United Arab Emirates.
They will have access to Tech Stars, a global venture capital firm, and its network of start-up acceleration programs, which supports entrepreneurs through investment, mentoring, and access to its extensive network of contacts to drive the growth of emerging companies.
Eighty-one percent of the 26 startups selected by Hub71 in this edition, including eVoost, AI, are AI-driven and address challenges in Abu Dhabi’s priority sectors, such as healthcare, finance, energy, and climate technology.