Mubadala backs eVoost AI’s USD 2.2 mn capital raise

Abu Dhabi-based proptech firm eVoost AI has pulled in USD 2.2 mn in fresh funding, according to a press release. The new capital will fund expansion plans as the firm looks to move into new markets and boost its existing footprint in the UAE, US, Spain, and Portugal. Funds will also support new product development.

Who’s backing eVoost AI? The round drew capital from a Mubadala Investment-backed syndicated vehicle tied to Hub71. The raise was led by Spain’s First Drop VC, with angel investors tied to the UAE and Romania also taking part.

eVoost AI? The startup, founded by Cristian Pastrana and former Bit2Me co-CEO Koh Onozawa, is developing an AI platform that real estate developers can use to figure out who is buying, what they want, and how to price projects. Currently, it manages over USD 3.5 bn in real estate assets.