Eldo, a French start-up founded in 2016 by two brothers, has raised six million euros in its latest funding round. The investment was provided by a range of investors, including Sofiouest, Grand Sud-Ouest Capital, IRDI, and M Capital, as well as some of the company's industrial clients. Eldo has developed a marketplace, Eldo.com, which allows individuals to identify building professionals such as artisans and companies using reviews and photos from their neighbors. The site has more than 100,000 certified customer reviews and photos, making Eldo the leader in customer reviews for the building and construction industry in France.
The company's latest funding round will be used to develop its offering to professionals, brands, and consumers in the home improvement sector. Eldo's ambition is to become the leading European platform for digital solutions in this sector.
Sofiouest, one of the investors in the funding round, is a French investment fund that provides financing for small and medium-sized businesses. Grand Sud-Ouest Capital is a private equity firm that invests in small and medium-sized businesses located in the south-west of France. IRDI is a venture capital firm that invests in innovative start-ups in the Occitanie region of France. M Capital is a venture capital firm that invests in innovative companies in the technology, digital, and industry sectors.
Eldo's success in customer reviews highlights the growing importance of digital platforms in the building and construction industry. With the support of its investors, the company is well-positioned to expand its offering and become a leading player in the European home improvement sector.