ParisAnd April 27 2022 /PRNewswire/- stoneThe pioneer of the SaaS platform for European real estate operations, has signed a new financing for $22 million led Invest Rise to accelerate its expansion. This funding will enable Stonal to gain access to $Revenue target is 100 million in the European real estate SaaS market by 2027. Robin Rivaton, a recognized venture capital investor and technology expert, has joined the company as CEO.
Stonal was founded in 2017 by Michel Tolela And Jean Maurice OdotSuccessful real estate entrepreneurs. Stonal enables the management of commercial and residential buildings more efficiently by providing property owners and asset managers with a SaaS platform that takes ownership of their entire portfolio. Its platform is open to an unlimited number of employees, suppliers or partners (property managers, facility managers, brokers…). Its AI-powered application reads, scans and sorts all data, documents, and plans, creating an accurate and constantly up-to-date master dataset. Its decision-making modules provide ESG reporting, financial analysis, and maintenance planning to increase returns, improve productivity, and maintain value.
In 2021, Stonal . arrived 11 million dollars in revenue and become profitable. Stonal helps more than 130 clients, REITs, insurance companies, social housing organizations, asset managers, and family offices, to manage an aggregated portfolio of more than 200 million square meters across Europe. The $22 million The investment from RAISE Investissement and existing shareholders will enable Stonal to further invest in its technology products and platform, and expand into Germany and the United kingdom and adding 50 talented employees to the existing team of 120 people. The company will also continue its acquisition strategy after the successful completion in 2020, of the acquisition of Labeo, the leading French social housing company with 1.3 million units. The company’s ambition is to reach 100 million dollars in revenue within five years, while taking advantage of an outdated IT infrastructure among major real estate asset managers.
Stonal is seeing strong revenue growth. High interest rates and the real estate industry’s commitment to net zero carbon emissions are driving asset owners and managers to constantly improve their operating performance and return on assets. To lead rapid growth, Robin Rivaton will join Stonal as CEO. Robin was a venture capital investor in Eurazeo and founder of RealEstech, one of the most popular proptech experts in the world. Europe. As a board member for several real estate developers and REITs in FranceHe has an extensive network in the real estate industry.
Michel TolelaStonal, Chairman and Co-Founder: “During my entrepreneurial journey in the real estate industry, I have continually attempted to improve knowledge of buildings to increase yield and tackle climate change. I am delighted to welcome Robin Rivaton and RAISE Investissement to accelerate growth.”
Robin Rivaton, CEO of Stonal : The physical “built” environment has a significant impact on the changing climate we experience. Stonal’s mission is to make buildings more efficient, more sustainable and affordable by leveraging data and I am proud to be a part of it.”
Aymeric Marraud des Grottes, Partner, RAISE Investissement: “Adopting ambitious ESG policies while maintaining yield will put real estate asset managers under pressure. Digitizing their portfolio will be more important than ever. Stonal’s unique AI technology and expertise in data quality management make them key partners in such a transformation.. We are pleased to support Stonal to continue investing in and expanding its products and technology platform, especially in joint procurement Europe“.
Since 2017, Stonal has been the leading SaaS platform for real estate performance, both environmentally and financially. Helps more than 130 clients, REITs, insurance companies, social housing organizations, asset managers, and family offices, to manage an aggregated portfolio of more than 200 million square meters (including 1.3 million housing units) across Europe. Stonal has 120 employees FranceUnited kingdom, Germany And Spain.
ABOUT RAISE INVESTMENT
RAISE Investissement is a venture capital investment firm developed within the RAISE Group, founded by Clara Guimard and Gonzago de Plinaire. With committed capital of €510 million, the fund supports high-growth French medium-sized companies generating revenues of €30 million to €500 million, by investing stakes between €10 million and €50 million to help them grow.
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