Masteos, a real estate investment proptech, has announced an extension to its €12 million series A fundraising round with Swen Capital Partners, NCI, EDF Pulse Ventures, and its historical investors Daphni and DST Global.
Founded in 2019 by Thierry Vignal and Maxime Hanquier, Masteos offers a turnkey solution to its customers. It accompanies real estate investors from property search to lease contract, including necessary renovation work and furnishing.
Working with EDF's Izy, the startup has integrated a turnkey offering to support individuals in the energy renovation of their homes.
According to the National Observatory for Energy Renovation (ONRE), 7.2 million homes in France are considered thermal sieves. The Climate and Resilience Act provides that real estate investors will no longer be able to rent out their property if its energy performance diagnosis (DPE) displays a label F or G by 2025 and 2028.
The goal of Masteos is to contribute to the decarbonization of housing, responsible for 23% of greenhouse gas emissions in France, and to eliminate thermal sieves by building a net-zero housing model.
Masteos relies on a team of 40 developers to pursue its work via its application. The company is currently present in 20 cities in France and 3 cities in Spain.
2CFinance conducted the financial due diligence of Masteos.
Swen Capital Partners is a Paris-based private equity firm investing in small and medium-sized companies in France and other European countries.
NCI is a French real estate investment company specializing in long-term rental investments.
EDF Pulse Ventures is the corporate venture capital arm of the EDF Group, an electric utility company.
Daphni is a venture capital firm based in Paris and San Francisco that invests in startups.
DST Global is a venture capital firm based in Hong Kong that invests in startups and established companies.
This fundraising round allows Masteos to develop its technology and expand its offering in the European market.