About

Hobsido develops technological tools and provides services for the benefit of the real estate sector. Using the technologies of Machine Learning and Data Science, Hobsido has built the first online property evaluation platform (ektimiseto.gr) that estimates the selling and rental value of a property everywhere in Greece. In addition, it operates with success in the property management field providing innovative and modern services that stand out. Last but not least, Hobsido provides consulting services that take advantage of Big Data technologies in order to figure out strategies and solutions that are based on data and not on assumptions.

Solution & Product

The company, having as its goal the digital transformation, started by solving the problem of thoroughly informing users about their property using the science of data. Thus, it initially developed the tool ektimiseto.gr which then evolved into a tool that implements targeted lead generation and simplifies daily tasks and Hobsido Insights. Ektimiseto.gr is the platform that helps the user to find out the commercial value of his property quickly and for free, by filling out a simple attribute form. This value is derived by the use of cutting-edge Machine Learning technology and is based on thousands of data. In addition to the estimation, if the user wishes so, the platform enables him to arrange the sale, purchase, rental and a multitude of other services related to the property he desires, in the most favorable conditions. The company also provides technological and consulting services in real estate and construction companies. Hobsido Insights is a dashboard that provides real-time insights about the real estate market, using a large database which dynamically changes following the market trends.

Innovation & Scalability

The company has achieved a high level of innovation in its field. It is using the latest trends of Machine Learning, Neural Networks and Artificial Intelligence and has applied them in the real estate sector in a unique way. The company has managed to build the first online property evaluation tool that uses real time data and is open for public use. This was a huge challenge, but it was implemented successfully, with all the software being developed inhouse, which demonstrates the technical skills and capabilities of the team. The company has developed proptech tools that map real estate buyers - sellers - renters across the country and provide them with property valuations. The company's products have been used in the market for the last one year with success, as evidenced by the B2B and B2C partnerships it has. Furthermore, the company is developing a consulting service that will help, with the use of data, new business owners to make the best decision for the housing of their venture, respecting the rules of sustainability. Last but not least, all the real estate products that the company has built, cover the whole Greece and can be scaled globally which is an important competitive advantage, because of the fact that Greece is one of the most developing real estate markets in the world that need new protech tools.

Traction & achievements

As far as the B2C is concerned, Hobsido’s most popular product (ektimiseto.gr) has been used by more than 50.000 people during 2023 and has more than 1500 registered users.

Team & Why Us

Starting from the chairs of the DET department of the Athens University of Economics and Business, on the occasion of a research project, two students, Petros Siachos and Errikos Tzimas, identified deficiencies in tools and services in the real estate sector. On the occasion of their work, they managed within a short period of time to transform this simple research project into a multidimensional, innovative company that envisions the digital transformation of Greek real estate. Then, with the addition of George Moutsopoulos, Hobsido was created – named after the Latin words "hestia" and "obsido", meaning hearth and investment respectively. The company's vision is to democratize the industry and make better decisions based on data science.

Funding Needs

The company is currently organizing its funding plan.