Masteos, a turnkey rental investment proptech start-up, announces that it has successfully completed a fundraising of 15M € with the venture capital company Daphni, accompanied by a pool of business angels in tech and business. real estate, such as the founders of Pretto and Meilleur Agents, as well as the former CTO of Qonto.
Lack of opportunities, opaque sector, lack of advice, contentious restoration work, multiplication of stakeholders … Buying to rent is a real obstacle course that requires time and knowledge that not everyone has, and for which there is no real actor capable of taking charge of the whole operation. A lack of support that pushes many investors to abandon their rental project along the way, with a “never again” as a final farewell.
Support rental investment from A to Z
It is in response to this observation that Maxime Hanquier and Thierry Vignal launched Masteos in 2019. Their ambition: to offer a turnkey service to simplify rental investment.
Unlike “turnkey” services, the startup takes this expression literally: all those involved in an operation led by Masteos are Masteos employees. Here, no subcontracting for works or rental management, for end-to-end control of the project: a first on the market.
The Masteos teams support buyers at every stage of their project, from finding the ideal property to its daily management, including its renovation, furnishing and installation. The operation can be viewed in real time by the customer on his personal space and soon on his mobile application.
The investor brings his project, Masteos and his teams of hunters, advisers, craftsmen, foremen and managers take care of the rest!
“The unique value proposition of Mastéos allows simplified access to a growing asset class, in particular thanks to the extensive use of banking leverage. It offers savers the possibility of starting to build up rental property assets by benefiting from support at each stage of the value chain (hunting, banking negotiations, works, rental management) ”, specify Pierre-Eric Leibovici and Stanislas Lot, respectively co-founder and investor VC Daphni.
A record round of funding in Europe
This is the first time that a start-up has released an 8-figure amount in the rental investment sector in Europe. The 15 million euros raised by Masteos will indeed make it possible to support this growth and to see even bigger. Thanks to this historic operation, Masteos intends to continue developing its technology, with the objective of always pushing the digitization of the rental project value chain further. Above all, the start-up intends to expand its teams to intensify its deployment in France and Europe. Nearly 250 new hires are thus planned within 2 years, including nearly 150 during the first half of 2022 alone. In the sights: new hexagonal cities (Nice, Strasbourg, Rennes, Montpellier, etc.), but also an opening to Europe with Belgium, Italy and Germany.
“This record round of funding from leading investors demonstrates our market lead and validates the relevance of our model. In the real estate sector, intermediation is on the seller’s side, while the person who is really vulnerable and in need of expertise is the buyer. Or, the strength of Masteos is precisely to offer a complete and unique solution, which internalizes all the facets of the investment project by allowing the user to follow each step. Masteos rebalances an asymmetry of risks and constraints, attracting investors to support worthy of the name. At a time when rental investment is one of the favorite investments of the French, this type of service is more essential than ever ”, comments Thierry Vignal, president of Masteos.
A 1before fundraising of 1.1 million euros in 2020
Praised by customers, Masteos has enjoyed considerable success. Since its first fundraising of 1.1 million euros in 2020, the start-up has quadrupled its workforce and now has 150 employees.
Over the first half of 2021, Masteos carried out more than 60 operations per month (compared to 80 over the whole of 2020), while in the second half of the year, the pace of sales accelerated to around a hundred operations per month. This represents more than 500 clients fully supported in their rental investment since the creation of the start-up.
Thus, the real estate portfolio managed by Masteos now reaches 60 million euros. The operations underway throughout France can allow the start-up to reach 120 million euros by January 2022.
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