UAE-based Proptech eVoost Al Has Raised $2.2 Million (€2 Million)

Abu Dhabi-based proptech eVoost AI has closed a €2 million (approximately $2.2 million) funding round led by First Drop VC, the company announced. The round also included participation from a syndicated investment linked to Hub71 and backed by Mubadala Investment Company, alongside strategic investors and angel backers with exposure to markets including Romania and the UAE. eVoost said the fresh capital will be used to support product and technology development, international expansion and team growth.

"This round allows us to accelerate the construction of an intelligent operating system for residential commercialisation. Our goal is to transform a traditionally fragmented and analogue sector into one governed by data, AI, and automation,” said Cristian G. Pastrana, co‑founder and CEO of eVoost AI.

Deal mechanics and investor set

The seed/early-stage round was led by First Drop VC, with additional participation noted from a syndicated investment linked to Abu Dhabi’s Hub71 programme and backed by Mubadala Investment Company. eVoost also attracted a mix of strategic and angel investors, some of whom have market exposure to Romania as well as the UAE. First Drop VC co‑founder Manuel Nieto Arias framed the investment in the context of developer pain points: “Many developers still build without truly understanding their end customer. eVoost’s technology identifies demand and optimises sales even before construction begins.”

Product and market proposition

eVoost AI’s platform uses AI‑generated insights and behavioural data to help property developers identify buyer demand before construction is completed. The company says this enables developers to optimise pricing, positioning and sales strategies ahead of handover. According to the announcement, the technology is positioned as an “intelligent operating system for residential commercialisation” aimed at replacing fragmented, analogue processes in the residential real estate lifecycle with data, AI and automation.

• Funding amount: €2 million (~$2.2 million)
• Lead investor: First Drop VC
• Other participation: Syndicated investment linked to Hub71, backed by Mubadala Investment Company; strategic investors and angels with exposure to Romania and the UAE
• Use of proceeds: Product and technology development, international expansion, team growth

Outlook

With fresh capital secured, eVoost intends to accelerate development of its core product and expand its team as it pursues international growth. The involvement of Hub71‑linked capital and Mubadala backing signals continued institutional interest in Abu Dhabi’s tech ecosystem, while First Drop VC’s lead role underscores investor appetite for data‑driven solutions that reduce go‑to‑market risk for developers. eVoost will need to demonstrate uptake of its demand‑forecasting tools among developers to validate claims that sales and pricing can be optimised materially before construction completion.