Austrian PropTech Lystio closes €500k round to refine real estate portal and expand across Europe
The European PropTech sector is witnessing significant investment, with Austrian startup Lystio securing €500k to enhance its AI-native real estate portal. This funding round, bolstered by international investors including a former Google employee, will primarily fuel the refinement of Lystio's search algorithms and AI-driven features. The company aims to establish a leading platform for the Austrian and wider European real estate markets, challenging existing models with a focus on user relevance over paid placements. Lystio's core innovation lies in its proprietary search algorithm, which promises to rank property listings based purely on user relevance rather than traditional "pay-to-rank" systems. This content and creator-first approach has already garnered substantial traction, with over 30 million video views and 40,000 monthly active users. The platform has rapidly expanded its listings from 4,000 to over 50,000, encompassing a diverse range of properties from residential to commercial. This development underscores a broader trend across Europe, where substantial capital is flowing into AI-focused real estate technology. Recent funding rounds for companies like Telescope (€3.7m), ScyAI (€2m), vivanta (€2.5m), Orbital (€50m), and Azuro (€5m) collectively represent over €63 million invested in AI-enabled infrastructure, risk analysis, and automation within the real estate domain. Lystio's investment, though smaller, aligns with this overarching push towards digital transformation and efficiency in a large and historically traditional market.
Curated and translated by Europe Digital for our multilingual European audience.
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