Puzzle PropTech

History

2024: Attracting ₽50 million investments

The Russian developer of the digital assistant for individual housing construction (IZHS) Puzzle PropTech has attracted an investment of ₽50 million from the Voskhod fund. The deal closed on November 22, 2024.

The Voskhod Foundation became the second smart investor in the company's seed round. The funds raised will be used to develop the product and implement the project "Digital Credit Factory in IZHS."

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TAdviser

We are glad to receive support from the Voskhod Foundation. This is a significant event for our company and an important step towards strengthening the position and developing affordable financing and management tools in IZHS, "said Alexey Gorulev, CEO of Puzzle PropTech.

Konstantin Gibalo, partner of the Voskhod Foundation, emphasized the uniqueness of the company's digital-based business model for optimizing mortgage lending and managing the construction of individual houses.

In early 2024, the company received its first investment from the MalinaVC fund, which in August 2024 increased its stake in the project. The total volume of investments attracted by Puzzle PropTech reached ₽95 million.

The service is designed to reduce the credit risks of banks and simplify the processes of issuing and controlling loans for individual housing construction in the face of growing demand for this type of real estate.

Puzzle PropTech is implementing a strategy to digitalize individual housing construction in Russia. It is planned to expand the presence of the service in the individual housing construction market and develop cooperation with intra-group companies, including T-Bank.

The system uses artificial intelligence to optimize the processes of building individual houses and mortgage lending, which contributes to increasing the availability of individual housing construction in Russia.^[1]

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