Stonal, a top real estate SaaS platform, raises $22M, appoints Robin Rivaton as CEO for European expansion

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Stonal, the European leader in property operations SaaS platforms, has secured a $22 million funding round led by RAISE Investissement to fuel its expansion. This investment aims to propel Stonal towards its goal of reaching a $100 million revenue milestone in the European real estate SaaS market by 2027. Robin Rivaton, a renowned VC investor and proptech expert, has joined the company as CEO.

Founded in 2017 by Michel Tolila and Jean-Maurice Oudot, Stonal empowers efficient management of commercial and residential buildings through its comprehensive SaaS platform. Leveraging AI technology, Stonal offers decision-making modules for ESG reporting, financial analysis, and maintenance planning, aiding in increased returns, improved productivity, and asset value preservation.

With a track record of profitability and $11 million in revenues in 2021, Stonal serves over 130 clients across Europe, managing a combined portfolio exceeding 200 million sqm. The investment from RAISE Investissement will enable Stonal to further enhance its product and technology platform, expand into key markets like Germany and the United Kingdom, and grow its team by adding 50 talented professionals.

Stonal's ambition is underpinned by the urgent need for real estate asset owners and managers to optimize operational performance and adapt to evolving sustainability standards. Robin Rivaton's appointment as CEO brings valuable expertise and leadership to drive Stonal's rapid growth and innovation in the proptech sector.

Michel Tolila, Chairman and co-founder of Stonal, expressed excitement about the partnership with Robin Rivaton and RAISE Investissement to accelerate growth. Meanwhile, Robin Rivaton highlighted Stonal's mission to enhance building efficiency and sustainability, leveraging data to address climate change challenges.

RAISE Investissement, through its commitment to supporting high-growth French companies, recognizes Stonal's unique AI technology and data management expertise as crucial assets for real estate asset managers navigating the transition towards ESG-driven practices.

Stonal's vision and strategic partnership with RAISE Investissement position the company as a key player in driving digital transformation and sustainability in the European real estate industry.

Original article posted on April 27, 2024

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