Papyhappy: French proptech startup for senior housing gets €1.5M capital injection for pan-European expansion

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French proptech startup Papyhappy, which is a platform for senior housing has raised €1.5 million funding to expand its services across France and then Europe. The financing round was led by new investors, including BDR IT and CFB Croissance & Innovation, as well as the existing ones, Bpifrance and Groupama Paris Val de Loire.

Papyhappy: Everything to know

Founded in 2016 by Joachim Tavares in Joigny, France, Papyhappy maintains a collaborative platform that helps older adults with searching suitable housing units for them. It aims at giving ‘an honest, clear and caring response to seniors looking for senior housing.’ Not just this, the startup is focused on changing the existing landscape of senior housing in France.

What the future holds for Papyhappy?

With the increasing number of older adults, especially in Southern European countries, the market for senior housing services is growing. Papyhappy intends to feed on this demand by planning to expand its services across Spain in early 2019.

The founder of Papyhappy, Joachim Tavares, is happy about the success of this fundraising and pledges to offer innovative services to seniors across Europe in 2019. Further, investors, including Anthony Faurand, Investment Officer at CFB Croissance & Innovation, and Christian Attard, BDR Invest Equity Director, are quite optimistic that the additional financial resources will enable the company to accelerate its ‘growth momentum’.

The services that Papyhappy offers have also been appreciated to reflect strong values along with the partnerships that the company has formed. Certainly, these all will facilitate its commercial development.

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