Propdo

growth-negative

פרופדו, initially focused on R&D and AI-driven technology for real estate, has decided to cease its technology operations and concentrate solely on real estate development. This strategic shift comes after the company reported losses in both technology and real estate sectors last year. In 2024, פרופדו expanded its real estate portfolio significantly, acquiring stakes in three companies and increasing its project count to 49. Notable acquisitions include a 24.5% stake in יושפה with קרסו נדל"ן, and 49% of GLM ישראל. Despite financial losses, the company saw a substantial increase in assets and equity. The decision to freeze technology operations reflects a broader trend in the real estate sector towards partnerships to manage financial burdens.

growth-positive

Profedu, a software development company for the real estate market, is in talks to acquire an urban renewal company that holds 20-25 urban renewal projects in Tel Aviv and other projects across the country. The company, which was issued only a year and a half ago, is controlled by the Dudovitz family (53%) and Alon Kasl (23%).

growth-positive

Israeli startup Propdo, which uses AI to price real estate, is offering free apartments to residents of the south who were forced to leave their homes due to attacks from Hamas terrorists. The company has partnered with the National Chamber of Real Estate Brokers to launch the housing project, which matches displaced residents with suitable apartments. Residents can apply for the temporary housing online, specifying their preferred city and any special needs. The stay is completely free of charge.

growth-positive

פרופדו, a software services company for the real estate market, announced a merger with Doral Urban Renewal, a real estate development company. Doral Urban Renewal, owned by Alon Kassel and Doron Davidovich, is valued at 1.5 billion shekels. Alon Kassel, who also owns Profido, will merge the urban renewal company into Profido.

growth-negative

פרופדו, a real estate forecasting platform, has not yet generated significant revenue and has a negative business note attached. The company raised 16 million shekels in its initial public offering on the Tel Aviv Stock Exchange. They develop and market software products and services, including artificial intelligence tools, for conducting property price and rental fee estimates and predicting price developments in the future. The company currently operates in Israel, the United States, Brazil, and Germany, with commercial launch of the system expected in the third quarter of the year. As of the end of 2021, פרופדו had a negative equity of 6.8 million shekels and received a business note from the auditors regarding significant suppliers and the companys continued existence.