French proptech startup, Monga, has secured €2 million in funding from Axeleo and business angels to develop its asset management software. Founded in 2020 by Avidan Koubi and Kevin Valensi, Monga aims to revolutionize the technical asset management of real estate professionals and occupants. The platform provides professionals with a digital maintenance logbook, enabling predictive analysis of technical asset management needs through the reprocessing of generated data.
The new funding will allow Monga to accelerate its commercial development, improve its SaaS solution, and expand internationally. This funding round will also help Monga respond to the growing demand for digital solutions in the real estate market, which has been further accelerated by the COVID-19 pandemic.
Axeleo, a French accelerator and venture capital firm, mainly invests in B2B startups with high growth potential. The firm's portfolio includes a range of startups operating in various industries, such as fintech, cybersecurity, and software. Monga is the latest addition to Axeleo's portfolio of proptech startups.
Monga's innovative approach to asset management has the potential to significantly impact the real estate industry by providing real-time data analysis and predictive maintenance capabilities. This funding round will help Monga to strengthen its position in the market and attract more customers globally. As the proptech industry continues to grow, Monga is well-positioned to take advantage of the increasing demand for digital solutions that improve efficiency and reduce costs in the real estate sector.