Place I Live
closedA website that combines information concerning the quality of homes and tools to manage it..
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
€200k | Seed | ||
| Total Funding | 000k | ||
| EUR | 2020 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
Originally established in 2012 as Place I Live, the company, now operating as Hyperb, has transitioned from a public-facing data platform to a specialized technology solutions provider for the real estate sector. The initial venture, founded in Vilnius, Lithuania, by Sarunas Legeckas, Mindaugas Kiznis, and Jokubas Neciunas, focused on aggregating open data to offer insights into neighborhood livability. Its flagship platform, PlaceILive.com, gained media recognition for its 'Life Quality Index,' which assessed various aspects of urban living in major cities like New York, London, and Chicago. This index was built to help people make more informed decisions when relocating.
The early business model centered on providing this visualized data to real estate companies, which served as a revenue stream while the team developed a more user-oriented property rental platform. The company secured $260,000 in a seed funding round in 2013, led by Practica Capital, to fuel its growth and expansion. The initial success and positive feedback from real estate businesses using their open-data platforms prompted a strategic pivot. The company rebranded to Hyperb to reflect its expanded focus on developing custom, high-technology solutions for the real estate industry.
Under the leadership of CEO and co-founder Sarunas Legeckas, a former project manager at Barclays Bank with a Master's degree in Enterprise Management, Hyperb now leverages its expertise in data science and software development to serve larger real estate clients. The firm specializes in a range of services including web and mobile development, self-learning recommendation engines, complex data manipulation, and geographic information system (GIS) engineering. Hyperb caters to both commercial and residential real estate businesses, having developed a data-driven commercial real estate platform for ARetailSpace.com and undertaken several projects for Homes.com. The company’s core business is to build and tailor technology products that help real estate companies overcome challenges and gain a competitive edge in an increasingly digital market.
Keywords: real estate technology, proptech, data solutions, neighborhood analytics, real estate data, life quality index, GIS engineering, custom software development, real estate API, data manipulation, Sarunas Legeckas, Hyperb, Place I Live, property technology, real estate software, data-driven real estate, commercial real estate platform, residential real estate technology, data visualization, business intelligence for real estate