French proptech Bellman, which offers a digital platform for managing copropriétés, announced an €11m funding round led by Breega and Lakestar. Bellman, founded in 2019 by Antonio Pinto and Jonathan Ratier, aims to simplify and speed up the management of copropriétés by helping property managers handle requests from co-owners. Its web platform offers a range of services, including tracking the progress of files, centralising documents, online voting, and real-time notifications of all co-ownership news. Bellman already manages over 400 copropriétés, 15,000 co-owners, and has nearly 80 employees across France.
With this new funding, Bellman aims to expand into other cities in France such as Lyon, Toulouse, and Nice, accelerate its growth, develop new services, and recruit around 40 employees.
Breega and Lakestar are two venture capital firms that invest in technology startups. Breega, which specialises in seed and series A funding, has previously invested in a number of European startups, including the UK's Tide and France's Spendesk. Lakestar, on the other hand, is a multi-stage venture capital firm that has backed several successful startups, including Spotify, Skype, and Airbnb.
2CFinance completed financial due diligence for this transaction. 2CFinance is a Paris-based financial advisory firm that provides services to small and medium-sized enterprises (SMEs), including financial due diligence, mergers and acquisitions, and fundraising.
Bellman's €11m funding round led by Breega and Lakestar will enable the French proptech to expand its services and team, as well as accelerate its growth in other cities in France.