PARIS, April 27, 2022 /PRNewswire/ — Stonythe European leader in SaaS platforms for real estate operations, has signed a new financing from $22 million led by INCREASE investments to accelerate its expansion. This funding will enable Stonel to: a $100 million revenue target in the European real estate SaaS market by 2027. Robin Rivaton, a recognized VC investor and proptech expert, joins the company as CEO.
Stonel was founded in 2017 by Michel Tolila and Jean Maurice Oudot, successful entrepreneurs in the real estate sector. Stonel enables commercial and residential property management to be more efficient by offering property owners and asset managers a SaaS platform that captures their entire portfolio. The platform is open to an unlimited number of employees, suppliers or partners (property managers, facility managers, brokers…). Its proprietary AI-powered application reads, examines and sorts all data, documents and plans to create an accurate and continuously updated master record. Its decision engines provide ESG reporting, financial analysis, and maintenance planning to increase returns, improve productivity, and preserve value.
In 2021, Stonel reached 11 million dollars in sales and became profitable. Stonel helps more than 130 clients, REITs, insurers, social housing organizations, asset managers and family offices, manage a combined portfolio totaling more than 200 million square feet Europe. That 22 million dollars The investment by RAISE Investissement and existing shareholders will allow Stonel to continue investing and expanding in its product and technology platform Germany and the Great Britain and add 50 talented employees to the existing 120-strong team. The company will continue its acquisition strategy even after the successful completion of the 2020 acquisition of Labeo, the French leader in social housing with 1.3 million units. The company’s goal is to achieve 100 million dollars Increase in sales within five years using the aging IT infrastructure of large real estate asset managers.
Stonel reports strong sales growth. Rising interest rates and the real estate industry’s commitment to net-zero carbon emissions are forcing asset owners and managers to constantly improve their operational performance and return on investment. To drive rapid growth, Robin Rivaton will join Stonel as CEO. Robin was a VC investor at Eurazeo and founder of RealEstech, one of the most recognized proptech experts in Europe. As a board member of several real estate developers and REITs in Francehe has an extensive network in the real estate industry.
Michel TolilaChairman and co-founder of Stonel: “Throughout my entrepreneurial journey in the real estate industry, I have constantly sought to increase knowledge about buildings to increase returns and combat climate change. I am pleased to welcome Robin Rivaton and RAISE Investissement to accelerate growth.”
Robin Rivaton, CEO of Stonel : “The physical ‘built’ environment has a significant impact on the climate change we are experiencing. Stonel’s mission is to make buildings more efficient, sustainable and affordable by leveraging data and I am proud to be a part of it. “
Aymeric Marraud des Grottes, Partner, RAISE Investment: “Implementing ambitious ESG policies while preserving returns will put real estate asset managers under pressure. Digitizing your portfolio is becoming 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 excited to support Stonal as it continues to invest in its product and technology platform, particularly in co-sourcing, and to expand Europe“.
Since 2017, Stonel has been the leading SaaS platform for real estate performance, both ecologically and financially. It helps more than 130 clients, REITs, insurers, social housing companies, wealth managers and family offices, manage a combined portfolio of more than 200 million square feet (including 1.3 million residential units). Europe. Stonel is represented in with 120 employees Francethe United Kingdom, Germany and Spain.
About RAISE Investment
RAISE Investissement is an investment company developed within the RAISE Group and founded by Clara Gaymard and Gonzague de Blignières. With committed capital of €510 million, the fund supports high-growth French mid-market companies generating sales between €30 million and €500 million by investing equity stakes between €10 million and €50 million to help them grow.
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