Paris-based proptech startup Beanstock has raised €12 million in a funding round led by 360 Capital, with participation from Entrée Capital, PropTech1 Ventures, and FJ Labs, as well as business angels such as Victor Lugger, CEO of Sunday, and Vincent Huguet, CEO of Malt, as well as its existing investors Axeleo Capital and Realty Corporation.
Founded in 2020 by Emma Malha and Alexandre Fitussi, Beanstock provides a turnkey solution for individuals looking to purchase and manage their property assets online. The platform assists future landlords in all aspects of the process, from finding suitable properties in a specific city to obtaining financing, managing the rental process, and even completing renovation and furniture work.
With this new funding, Beanstock aims to expand its services across Europe, launching in Spain, the UK, Italy, Greece, Belgium, Germany, Portugal, and the Netherlands. The company is already active in 20 cities across France, but wishes to consolidate its position in its home market.
This funding round is a significant milestone for Beanstock as it seeks to expand its operations across Europe. With the support of its investors, the company aims to provide a comprehensive solution for individuals looking to invest in property assets, providing a one-stop-shop for the entire process. It is also a testament to the strength of the proptech sector in Europe, which has seen significant growth in recent years.
360 Capital is a venture capital firm that invests in early-stage startups, while Entrée Capital is a global venture capital firm that invests in technology startups. PropTech1 Ventures is a German venture capital firm that focuses on proptech startups, and FJ Labs is a venture capital firm that invests in early-stage startups in various sectors.