Doral energy founders invest $2 million in proptech company
Propdo AI develops technology capable of predicting residential real estate property prices for end-users
Meir Orbach | 11:39 30.11.2020
Dori Davidovitz and Alon Kessel, the majority shareholders of Doral Renewable Energy Resources Group, which went public on the Tel Aviv Stock Exchange this year, have invested $2 million in Israeli property tech company Propdo AI. The company, which is still operating under the radar, develops technology capable of predicting residential real estate property prices. Propdo AI has developed data-based tools to support decision making by end-users such as buyers, sellers, asset holders, contractors, realtors, and investors. The algorithm it developed analyzes a range of parameters that impact a real estate asset’s price including, macro-economic trends, demographics, approved zoning and construction plans, transportation infrastructure, population makeup trends, environmental factors, and urbanization policies. The company will initially operate in the Israeli real estate market, providing its users with a personalized prediction of their desired asset that will include its projected valuation going forward.