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Cypriot AI Startup Placy Secures €1M in Pre-seed Funding Led by Zubr Capital

Placy, an AI-driven virtual assistant designed to streamline tasks in real estate, has secured €1 million in pre-seed funding from Zubr Capital. Founded just 10 months ago in Limassol by former CIAN and Wargaming colleagues, Placy is rapidly establishing itself in Cyprus, with plans to expand into Greece, the UAE, and the UK.

The investment will focus on scaling Placy Pro, a B2B AI tool, and advancing R&D for Placy Assistant, a B2C solution aimed at private buyers and sellers. CEO Mike Vasiliev emphasizes that “automation is crucial for survival and growth” in the competitive real estate market.

Recently recognized as Cyprus’s Startup of the Year, Placy also joined the US Microsoft Startup Hub, further solidifying its mission to revolutionize the real estate industry through AI.

James Dargan
About the author
James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

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