Stonal, a Paris, France-based property operations SaaS platform leader, raised $22 million in Series B funding.
The round was led by RAISE Investissement and angel investors including pharma giant Sanofi founder Jean-François Dehecq also participated in the round to accelerate its expansion.
This funding will enable Stonal to reach a $100 million revenue target in the European real estate SaaS market by 2027.
The $22 million investment from RAISE Investissement and existing shareholders will enable Stonal to invest further in its product and technology platform, expand into Germany and the United Kingdom and add 50 talented employees to the existing 120-person team.
Robin Rivaton, a recognized VC investor and proptech expert, joins the company as CEO.
Company: La Fonciere Numerique
Funding Month: April 2022
Lead Investors: RAISE Investissement
Additional Investors: Jean-François
Company Website: https://stonal.com/
Software Category: Property Operations SaaS platform
About the Company: Stonal was founded in 2017 by Michel Tolila and Jean-Maurice Oudot, successful entrepreneurs in real estate. Stonal enables commercial and residential buildings to be managed more efficiently by offering property owners and asset managers a SaaS platform capturing their entire portfolio. Its platform is open to an unlimited number of employees, suppliers, or partners (property managers, facility managers, brokers). It helps more than 130 clients, REITs, insurers, social housing organizations, asset managers, families, and offices, to manage a combined portfolio of more than 200 million sqm (including 1.3 million dwelling units) across all of Europe. With 120 employees, Stonal is present in France, the UK, Germany, and Spain.
Source: https://www.prnewswire.com/news-releases/stonal-a-leading-real-estate-saas-platform-raises-22-million-and-hires-robin-rivaton-as-ceo-to-expand-in-europe-301532391.html https://tech.eu/2022/04/27/eurazeos-robin-rivaton-exits-for-ceo-role-with-stonal-as-the-company-picks-up-eur20-million/