Paris-based Stonal, a data management platform for real estate owners and investors in Europe, announced on Monday that it has secured up to €100M in a strategic investment by Aareon.
The French company will use it to accelerate its European expansion.
Stonal: Building up-to-date database
Founded in 2017 by Michel Tolila, Stonal is a data management platform for real estate owners and investors in Europe.
The company’s collaborative AI-powered platform extracts information from documents and blueprints, creating an accurate and up-to-date database of buildings open to stakeholders such as property managers, surveyors, and insurers.
Its decision-making modules offer ESG reporting and CapEx planning to increase returns, improve productivity, and preserve value.
Currently, the platform helps more than 130 clients, REITs, insurers, housing organisations, asset managers, and family offices, to manage a combined portfolio of more than 200M sqm (including 1.6M housing units) across Europe.
Earlier this year, the French company launched StonalGPT, the first AI solution for real estate investors.
Robin Rivaton, CEO of Stonal says, “The real estate industry, both residential and commercial, is at a crossroads. AI is a massive opportunity to reshape the sector in a remarkable way, but it still requires a significant amount of data on which to train these systems. Thanks to the strategic partnership with Aareon we will reach such a scale and accelerate our European expansion.”
Aareon: Providing SaaS solutions for the property industry
Aareon is a provider of SaaS solutions for the property industry. The company’s property management system, powered by smart software solutions, promotes efficient property management and maintenance.
With a dedicated team of around 2,000 professionals, Aareon achieved pro forma revenues of €410M and a pro forma Adjusted EBITDA of €137M in 2023.
Harry Thomsen, CEO of Aareon, says, “Investing in Stonal is a strategic step to strengthen our “Aareon Sustain” product portfolio and amplify our proficiency in AI technology across the Aareon Group. With an expected uptick in the need for robust data management solutions, this collaboration not only reinforces the existing partnership between Stonal and Aareon in France but also equips us to meet our customers’ needs and deliver unrivalled innovation and operational excellence.”
Read the orginal article: https://siliconcanals.com/news/startups/frances-stonal-bags-nearly-100m/
