French startup Mon Bel Appart, now Oqoro, has raised €7m ($8m) in a funding round led by ISAI, along with real estate entrepreneurs Sophie Desmazières and Guillaume Poitrinal. The firm was founded in 2019 by Adrien Faure, Pierre Cloarec, and Alexandre Pourchoux, and aims to become a fully online rental agency. Oqoro selects properties online and tenants can submit applications directly through the website. The company promises to provide a more responsive and cost-effective service than traditional agencies. With the funding, Oqoro plans to develop its online offering, initially targeting the 50 largest cities in France, and to hire new talent to strengthen its team.
ISAI is a French venture capital firm that invests in digital startups, and has previously backed companies such as BlaBlaCar and Evaneos. Sophie Desmazières is a seasoned entrepreneur who co-founded real estate consultancy Demeter Partners, and Guillaume Poitrinal is the former CEO of Unibail-Rodamco-Westfield, a major global real estate company. 2CFinance is a transaction services firm that specializes in mergers and acquisitions, fundraising, and corporate finance.
Oqoro's innovative approach to online rental management could disrupt the traditional real estate industry by reducing costs and streamlining the rental process. The company's founders have identified an opportunity to provide a more efficient service than existing agencies, and the funding secured in this round will be crucial in helping them to achieve their goals. With support from experienced investors and industry experts, Oqoro is well-positioned to make a significant impact in the French property market and beyond.