PRODA provides a machine-learning trained, cloud-based SaaS solution that captures, standardises, validates, analyses and exchanges lease, property and unit-level rent roll data. The platform automates a previously manual and error-prone process and, according to the company, delivers up to a 90% reduction in overall processing time. PRODA’s software is used across 16 countries and is designed to handle data regardless of currency, language or property type. Launched in 2017, the product targets lenders, investors and asset managers within commercial real estate. The new funding is intended to help establish PRODA’s platform as the centralised hub for processing and analysing rent roll data. Management says the capital will accelerate product development and meet rapidly increasing demand.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2022