Matera Raises €35M in Series B Funding

Matera, a Paris, France-based proptech startup, raised €35M in Series B funding.

The round was led by Mubadala Capital, with participation from Bpifrance, Burda Principal Investments, and existing investors Index Ventures and Samaipata.

The company intends to use the funds to accelerate its European expansion, beginning with its launch in Germany this year.

Founded in 2017 by Raphael Di Meglio, Victor Prigent and Jeremy Krebs, Matera provides a platform and a team of experts that enables users to manage their building directly and technical issues. 

4 years after its inception, the company has reached 3,000 buildings under management, 60.000 owners as customers and 200 employees. Matera has built  a network of institutional and private partners, including CDC habitat, a large social landlord in France, and the real estate firm Bouygues immobilier. In addition, the company has grown its local presence with hires in Lyon and Marseille – and intends to repeat this model in the 10 largest French cities by the end of 2021.