Stonal, a Paris, France-based provider of a data management platform, received an up to €100M investment from Aeron.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2017 by Michel Tolila, the current executive chairman, and Jean-Maurice Oudot, and led by CEO Robin Rivaton, Stonal aims to deliver data quality at scale for asset owners and investors. Its collaborative AI-powered platform extracts information from documents and blueprints, creating a database on buildings open to stakeholders such as property managers, surveyors, and insurers. Its decision-making modules offer ESG reporting and CapEx planning to increase returns, improve productivity and preserve value.
The company serves more than 130 clients, REITs, insurers, housing organisations, asset managers, family offices, to manage a combined portfolio of more than 200 million sqm (including 1.6 million housing units) across all Europe. It has 150 employees in France and the UK.
Commenting on the news, Robin Rivaton said: “The real estate industry, both residential and commercial, is at a crossroads. AI is a massive opportunity to reshape the sector in a remarkable way, but it still requires a significant amount of data on which to train these systems. Thanks to the strategic partnership with Aareon we will reach such a scale and accelerate our European expansion.”
FinSMEs
07/05/2024