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Series A Round Successfully Completed: After UBS, Also Baloise Invests in Houzy

29.9.2020

Press Release

Zurich, 29 September 2020 - Baloise completes the financing round with which Houzy has raised several million for its further growth. With the capital, the proptech startup is expanding its platform with new tools and financing its expansion into all language regions in Switzerland. Houzy is a perfect strategic fit for Baloise's home ecosystem and benefits from the insurance group's network.

In July 2020, Houzy announced UBS's minority stake and partnership with the new online mortgage platform key4 by UBS. Now the next strategic partner is Baloise. With the participation of two leading companies from the Swiss banking and insurance industry, the Zurich-based proptech start-up has successfully completed its Series A round. However, the founders still hold the majority of shares, so that Houzy's independence will continue to be guaranteed in the future.


Yannick Hasler, Member of the Executive Board of Basler Versicherungen Schweiz, is looking forward to the partnership: «Our Home ecosystem with Movu, Devis.ch, Bubblebox and Batmaid is ideally complemented by Houzy. This partnership creates a strategically valuable cooperation from which all network points will benefit.»

Stefan Schärer, CEO of Houzy, sees Baloise as more than an investor: «We have specifically sought partners who not only invest in Houzy, but also fit with us as strategic partners. With Baloise and its home ecosystem, there will be many synergies that will accelerate our development, which we are all very excited about.»

About Houzy

Houzy makes home ownership simple. The online platform intelligently links data and derives individual recommendations for the individual homeowner or condominium owner. For example, when they should renovate their heating system and how much money they should put aside for this. The startup is developing the leading platform for homeowners in Switzerland with a lot of expert knowledge (500 professionals from ten sectors) and a rapidly growing community (more than 20,000 registered users). The Zurich-based startup was founded in 2017 and now employs more than 30 people.

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