Placy, a Limassol-based real estate startup, secured €1M in Pre-Seed funding.

Zubr Capital led the round. The funds will enhance the Placy Pro SaaS tool for B2B integrations and bolster features integrating WhatsApp and Telegram for users.

Founder and CEO Mike Vasiliev plans to use the investment to advance Placy Assistant, a B2C communication tool, improving R&D in AI-backed property solutions.

Launched 10 months ago, Placy focuses on automating property valuations, research, and agreement drafting. Cyprus serves as the pilot market, with expansions planned for Greece, the UAE, and the UK.