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September 05, 2007
Neuhaus Invests in Database for Real Estate Moguls
Emporis, a German company that publishes a database tracking and describing buildings and construction projects around the world, has raised an undislcosed amount of capital from Neuhaus Partners, together with KfW Bankengruppe.
New Emporis board member and Neuhaus partner, Paul Jozefak, told us that it makes money by selling three types of subscriptions. You can buy its photos too, while industry players, like Schindler, the elevator company, advertise with it.
Real estate developers, insurance companies, banks, construction companies, developers, architects and related service providers are the intended users. Several languages are supported.
Users can compare square footages, track things like the number of new buildings built in Tokyo last year, or get detailed information on a particular building, or a particular street.
It has a penchant for high-rises and sky-scrapers, giving vertical search a whole new meaning.
The photos and graphics make it a visually appealing experience too.
With the new money, it has a number of different ways it can grow - one of them it mentioned was providing data for navigation or local search applications.
It is interesting to note that Emporis relies on the efforts of what it calls 'volunteers' and was established in 2000. That means that its founder has been running a user-generated content platform for several years now and made a business out of it. Good thing it wasn't started up in this venture cycle, or it would have a name with one or two too many vowels in it.
View : Emporis
Posted on September 5, 2007 04:29 PM | Posted to News And Updates | Permalink
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