What is PRODA?
Founded in 2017 and based in London, England, PRODA offers a sophisticated software solution designed to automate the extraction, standardization, and quality-checking of rent roll data. Its machine learning capabilities enable users, including banks, brokers, and surveyors, to efficiently process vast amounts of property financial information, flagging anomalies and ensuring data integrity. PRODA's technology is crucial for institutional real estate investors seeking to streamline due diligence and operational processes.
How much funding has PRODA raised?
PRODA has raised a total of $8M across 1 funding round:
Series A
$8M
Series A (2022): $8M with participation from Concrete VC, ING Group, JLL Spark, and Blackstone
Key Investors in PRODA
Concrete VC
Concrete VC is an early-stage PropTech venture capital firm based in London, focused on supporting founders with strong technology and real estate backgrounds to innovate within the built environment. The firm partners with exceptional entrepreneurs to drive data and automation in real estate and construction, providing invaluable insights and connections to enhance their market presence.
ING Group
ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam, Netherlands, offering a wide range of services including retail banking, commercial banking, and investment banking.
JLL Spark
JLL Spark Global Ventures is a venture capital firm specializing in early-stage PropTech startups, aiming to drive innovation within the commercial real estate sector by leveraging JLL's extensive industry experience and global network.
What's next for PRODA?
With its recent major strategic investment, PRODA is poised for accelerated growth and further development of its proprietary machine learning technology. This capital infusion will likely fuel expansion into new markets, enhance product capabilities, and strengthen its position as a leader in real estate data analytics. The company's focus on providing actionable insights from complex rent roll data positions it to capitalize on the increasing demand for data-driven decision-making in the institutional real estate investment landscape.
See full PRODA company page
