Matera, a French startup that lets you manage your residential building on your own attracts €10M funding

Talking about the real-estate industry in France, there are a couple of ways to manage residential buildings. The first option lets co-owners of hallways, the common space, and the elevator of the building hire a company to manage the same. And, the second option lets them handle all the complex tasks by themselves.

This is where the French startup Matera comes to play. It focuses on the second category and let’s co-owners manage the buildings on their own.

Gets €10M funding

This French startup has raised $11.2 million (nearly €10 million) funding in an investment round led by Index Ventures along with existing investor Samaipata, business angels such as Paulin Dementhon, Bertrand Jelensperger, and Marc-David Choukroun.

Already, Matera has managed to attract nearly 1.000 residential buildings representing almost 25,000 users. The startup is also eyeing to expand to other European countries including Belgium, Germany, Italy, and Spain. With the recent investment, Matera is in plans to hire nearly 100 persons.

Matera: An insight

Founded in 2017 by Jeremy Krebs, Raphael Di Meglio, and Victor Prigent and formerly known as illiCopro, this startup has developed a web-based SaaS platform to view information, interact with co-owners and ensure things are up-to-date. This platform provides all the tools that are necessary to handle property management for the residential buildings.

It provides each co-owner an account to access the platform. They can meet regularly to handle outstanding problems. The startup centralises all topics, helps write a report, and checks if the same complies with legal requirements.

All the money-related requirements are handled by Matera. It lets one collect money from co-owners on a monthly basis and check how it is spent. The platform so helps manage contracts with partners for heating maintenance, elevator maintenance, electricity, water, insurance, cleaning company, garden maintenance, etc.

Main image picture credits: Matera

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