Introduction
France's successful PropTech ecosystem can be attributed to the large volume of the French real estate market and the culture of innovations promoted by investors. In 2024, the French real estate market is expected to reach $ 25.36 trillion. PropTech start-ups focusing on technology solutions for this real estate industry receive incredible support from the French start-up ecosystem, ranked as the fourth best in Western Europe and the eight best globally.
Summary
• The French real estate market is expected to reach $ 25.36 trillion in 2024.
• The French start-up ecosystem is ranked as the fourth best in Western Europe and the eighth best in the world.
• French PropTech start-ups are developing innovative solutions in the fields of online brokerage, property listings, rental management, loans and insurance for real estate, ESG, etc.
• This exclusive list by PropTechBuzz features Colonies, Finalcad, Studapart, Deepki, Liberkeys, PriceHubble, SAFTI, Pretto, Luko, and Jinka.
Ten Best PropTech in France
1. Colonies
Founders: Alexandre Martin, Amaury Courbon, and Francois Roth
Founding year: 2017
Headquarters: Paris, France
Valuation: $ 213 million (total funding)
Revenue: < $ 5 million
Investors: LBO France, Idinvest Partners, Eurazeo, and others
Colonies is a new-age rental platform offering residents a variety of turnkey housing options. The company currently offers apartments for flat-sharing, co-living, and private rentals across 17 cities in France, Germany, and Belgium. It partners with property owners and investors on attractive financial terms. Their properties are popular among the younger crowds looking for affordable spaces with smart amenities and friendly communities.
2. Finalcad
Founders: David Vauthrin, Jimmy Louchart, and Joffroy Louchart
Founding year: 2011
Headquarters: Paris, France
Valuation: $ 73 million (total funding)
Revenue: $ 26.2 million
Investors: Cathay Innovation and Molten Ventures (formerly Draper Esprit) with support from Serena, CapHorn, Aster, and ADP
Finalcad is the builders’ digital platform trusted by 250,000+ users worldwide. The field construction app and software allow contractors, architects, owners, and investors to collaborate, track progress, and ensure the quality and safety of their construction projects. The app integrates real-time data to generate insightful reports for users.
3. Studapart
Founders: Alexandre Ducoeur and Amaury Roland
Founding year: 2014
Headquarters: Paris, France
Valuation: $ 7 – 10 million (estimated)
Revenue: $ 9.5 million
Investors: Bpifrance, Sovereign Wealth Fund, Minority, and others
Studapart is an online rental platform built exclusively for students. Students can apply the university location filter to find nearby properties. The platform features verified listings of a range of living options to suit everyone's budget and preferences.
4. Deepki
Founders: Emmanuel Blanchet and Vincent Bryant
Founding year: 2014
Headquarters: Paris, France
Valuation: $ 660 — 990 million (estimated)
Revenue: $ 10 million – 50 million
Investors: Highland Europe, One Peak Partners, Bpifrance, Revaia, and others
Deepki provides comprehensive ESG and data intelligence solutions to help real estate projects meet their environmental targets. The SaaS platform analyzes real-time data to provide insights related to energy use in buildings. The company utilizes its vast experience in driving ESG strategies of organizations by providing planning, consultation, technical support, and training to real estate companies.
5. Liberkeys
Founders: Anthony Peyron, Julien Watry, and Thomas Venturini
Founding year: 2017
Headquarters: Paris, France
Valuation: $ 5.58 million (total funding)
Revenue: $ 22.5 million
Investors: Le Village by CA, Credit Agricole, and others
Liberkeys is a premium online brokerage firm facilitating every aspect of real estate transactions. The platform uses technology to simplify complex processes like valuation, documentation, and transfer of property rights.
6. PriceHubble
Founders: Dr. Stefan Heitmann and Markus Stadler
Founding year: 2017
Headquarters: Zürich, Switzerland
Valuation: $ 74.2 million (total funding)
Revenue: $ 27.6 million (estimated annual revenue)
Investors: SICTIC, Helvetia Venture Fund, Latitude Ventures (London) and others
Active in eleven countries including France, PriceHubble offers a range of digital solutions leveraging data analytics for real estate and financial industries. The company utilizes cutting-edge tools to analyze big data and generates accurate insights related to valuations, market analyses, and building performance indices to help managers make informed decisions related to their investments and properties.
7. SAFTI
Founders: Sandra Françonnet, Gabriel Pacheco, and Marc Brimeux
Founding year: 2010
Headquarters: Toulouse, France
Valuation: $ 185 million (total funding)
Revenue: $ 829.7 million (estimated)
Investor: Omada (France)
SAFTI is a national network of 5,500+ independent real estate advisors in France. SAFTI has quickly established itself as a prominent name in the French real estate industry by offering its services completely online. Users can find advisors and properties to buy, sell, or rent on their portal and request turnkey quality services for their real estate projects.
8. Pretto
Founders: Pierre Chapon and Renaud Pestre
Founding year: 2016
Headquarters: Paris, France
Valuation: $ 44.7 million (total funding)
Revenue: $ 38.7 million (estimated annual revenue)
Investors: BlackFin, Eurazeo, Kernel Capital and others
Pretto is an online real estate broker that leverages the power of technology to offer the best mortgage rates to their customers. Their expert brokers compare options from 100+ banks using AI and advanced algorithms to identify the best loans in the market.
9. Luko
Founders: Benoit Bourdel and Raphael Vullierme
Founding year: 2016
Headquarters: Paris, France
Valuation: $ 84.9 million (total funding)
Revenue: $ 40.3 million
Investors: EQT Ventures, Accel, Speedinvest, and others
Luko is an InsureTech start-up that offers home insurance online. Using their digital platform, property owners and tenants can sign up for transparent home insurance solutions in just two minutes. The company currently offers flexible subscription packages to customers to make their home insurance journey transparent and hassle-free.
10. Jinka
Founders: Alexandre Barbey and Marc Lebel
Founding year: 2016
Headquarters: Maisons Laffitte, France
Valuation: $ 1.7 million (total funding)
Investors: Kima Ventures, Newfund, and Sylvain Zimmer
Jinka is an online home rental listing app for residential properties. The app aggregates data from 100+ real estate sites and filters fake listings using advanced algorithms enabling tenants and buyers to find the property of their choice from a single app.
Conclusion
France has a dynamic PropTech ecosystem backed by its thriving real estate industry and a culture that encourages start-up innovations. French PropTech start-ups are developing innovative solutions in the fields of online brokerage, property listings, rental management, loans and insurance for real estate, ESG, etc
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