Paris-based Homeland, an operator of a building management company dedicated to office and residential buildings, announced that it has raised €9M in its Series A round of funding led by French investors.
The raised funds will help accelerate Homeland’s market expansion, deploy its platform across Europe, and boost product development. The company also reports that after its success in France, it will enter the Germany and Benelux markets in 2022.
Investors in this round
Since May 2021, the EIT Digital Accelerator has been supporting Homeland in launching and coordinating fundraising, which generated interest from multiple investors across Europe.
This round’s investors include Reflexion Capital and CDC Banque des Territoires, and Homeland’s historical investor Newfund.
Frederic Remeur, CEO and co-founder of Homeland, says, “EIT Digital team provided us with strong support by identifying and contacting potential investors throughout Europe. Even if we ended up closing a 100 per cent French deal, thanks to EIT Digital’s network, we received offers from foreign investors and have established connections that will surely bear fruit in the coming months.”
What does Homeland offer?
Today, many co-owners are dissatisfied with their WEG administrator because, in their opinion, they pay too much money for the services provided and have to accept long response times. Addressing these issues, Homeland offers transparent rates that are attractive on the market. At the same time, all information regarding WEG administration is automatically made available to the advisory board of the homeowners’ association via the extranet.
The company was founded in 2016 by Frederic Remeur and Renaud Lerooy, and claims to be the first WEG manager which is able to offer an “enhanced” service through digital tools developed in-house.
According to Homeland, its proprietary SaaS platform enables automation of recurring tasks and real-time reporting to customers, making condominium managers more efficient and up to 12X more productive than traditional players. Whether small or large community of owners, the company caters to anyone who wants to better manage their assets.