Stonal, the European property operations SaaS platform leader, has signed a new funding of $22 million led by RAISE Investissement to accelerate its expansion. This funding will enable Stonal to reach a $100 million revenue target on the European real estate SaaS market by 2027. Stonal was founded in 2017 by Michel Tolila and Jean-Maurice Oudot, successful entrepreneurs in real estate. Stonal enables commercial and residential buildings to be managed more efficiently by offering property-owners and asset managers a SaaS platform capturing their entire portfolio. Its platform is open to an unlimited number of employees, suppliers, or partners (property managers, facility managers, brokers…). Its proprietary AI-powered application reads, checks, and sorts all data, documents and plans creating an accurate and continuously updated master data set. Its decision-making modules offer ESG reporting, financial analysis, and maintenance planning to increase returns, improve productivity and preserve value.
Stonal is experiencing strong growth in revenues. Rising interest rates and the real estate industry’s commitment to net zero carbon emissions are pushing asset owners and managers to constantly improve their operational performance and return on assets. To lead rapid growth, Robin Rivaton will join Stonal as CEO. Robin was a VC investor at Eurazeo and founder of RealEstech, one of the most recognized proptech experts in Europe. As board member to several property developers and REITs in France, he has an extensive network in the real estate industry. Since 2017, Stonal is the leading SaaS platform for real estate performance, both environmentally and financially. It helps more than 130 clients, REITs, insurers, social housing organizations, asset managers, family offices, to manage a combined portfolio of more than 200 million sqm (including 1.3 million dwelling units) across all Europe. With 120 employees, Stonal is present in France, the UK, Germany and Spain.