Stonal, a Leading Real Estate SaaS Platform, Raises $22M and Hires Robin Rivaton as CEO to Expand in Europe
PARIS, April 27, 2022 /PRNewswire/ — RockEuropean leader in the SaaS platform for real estate operations, signed a new financing of $22 million led by RAISE Investment to accelerate its expansion. This financing will allow Stonal to reach a $Target of 100 million revenue in the European SaaS real estate market by 2027. Robin Rivaton, recognized venture capitalist and expert in proptech, joins the company as CEO.
Stonal was founded in 2017 by Michael Tolila and Jean-Maurice Oudot, successful entrepreneurs in real estate. Stonal enables more efficient management of tertiary and residential buildings by offering owners and asset managers a SaaS platform capturing their entire portfolio. Its platform is open to an unlimited number of collaborators, suppliers or partners (owners, facility managers, brokers, etc.). Its proprietary AI-powered application reads, verifies and sorts all data, documents and plans, creating an accurate and continuously updated baseline dataset. Its decision-making modules offer ESG reporting, financial analysis and maintenance planning to increase returns, improve productivity and preserve value.
In 2021, Stonal reached $11 million in revenue and became profitable. Stonal helps over 130 clients, REITs, insurers, social housing organisations, asset managers, family offices, manage a combined portfolio of over 200 million m² across Europe. the $22 million investment from RAISE Investissement and existing shareholders will enable Stonal to further invest in its product and technology platform, expand into Germany and the UK and add 50 talented employees to the existing team of 120 people. The company will also pursue its acquisition strategy after successfully acquiring Labeo, the French leader in social housing with 1.3 million housing units, in 2020. The company’s ambition is to achieve $100 million in turnover over the next five years, by taking advantage of the aging IT infrastructure of major real estate asset managers.
Stonal is experiencing strong growth in its turnover. Rising interest rates and the real estate industry‘s commitment to net zero carbon emissions are driving asset owners and managers to continually improve their operational performance and asset returns. To drive rapid growth, Robin Rivaton will join Stonal as CEO. Robin was a venture capitalist at Eurazeo and founder of RealEstech, one of the most recognized experts in proptech in Europe. As a board member of several real estate developers and REITs in Francehe has an extensive network in the real estate sector.
Michael TolilaPresident and co-founder of Stonal: “During my entrepreneurial journey in the real estate sector, I have constantly tried to improve knowledge about buildings to increase performance and fight against climate change. I am happy 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 climate change we are experiencing. Stonal’s mission is to make buildings more efficient, more sustainable and more affordable by leveraging data and I am proud to be part of it “.
Aymeric Marraud des Grottes, Partner, RAISE Investment: “Adopting ambitious ESG policies while maintaining returns will put real estate asset managers under pressure. Digitizing their portfolio will be more important than ever. data make them key partners in such a transformation.. We are pleased to help Stonal further invest in its product and technology platform, especially on joint purchasing, and grow in Europe“.
Since 2017, Stonal has been the first SaaS platform for real estate performance, both environmental and financial. He helps more than 130 clients, SCPIs, insurers, social housing organizations, asset managers, family offices, to manage a combined portfolio of more than 200 million m² (including 1.3 million housing units) across all Europe. With 120 employees, Stonal is present in FranceGreat Britain, Germany and Spain.
About RAISE Investment
RAISE Investissement is a private equity firm developed within the RAISE Group, founded by Clara Gaymard and Gonzague de Blignières. Endowed with 510 million euros of committed capital, the fund accompanies fast-growing mid-cap French companies that achieve a turnover of between 30 and 500 million euros, by investing stakes of between 10 and 50 million euros to support them in their growth.