Matera is a French startup, specialising in self-management of real estate, which brings together lawyers, accountants and web developers on a single platform to enable co-owners to manage their own building.
It has just sold for the second time in its history part of its shareholding for €10m.
Its intentions are clear: to accelerate its growth by 2020 and become the European leader in its sector.
Previously, it was known as illiCopro.
Being a landlord doing all the management tasks oneself seems to be the goal of many new property investors.
This is a trend that is increasingly being seen in business and corporate finance in the sector.
Matera is a platform that allows property owners to self-manage their properties residentialwithout the need for a property manager.
Founded in 2017 with the objective of democratising the sector, it already has an active community of 25,000 owners, who have reduced construction costs by 30%.
The company allows you to self-manage all the operations of a property, offering a set of online services and direct access to professionals in the fields of accounting, law, insurance, community services, among others.
Matera's innovative approach largely overcomes the main disadvantages of property managers.
At the same time, it considerably improves the life of the co-owners.
Each of them can carry out a range of activities:
Subscribing to the firm also gives access to a wider community of co-owners of other properties. Here, best practices can be shared in forums.
Also to professional support, at no additional cost, for more technical problems such as legal issues, accounting, cost optimisation, or applications for grants and subsidies.
Notably, 70% of the large condominiums managed by Matera are new constructions less than five years old.
It is therefore poised to become the model of the future.
In fact, a number of agreements have already been established with numerous developers and social housing providers.
In mid-January this year, the French company sold some of its shares to new investors and former investors in a round valued at 10M€.
An example of the former is Index Venturesa Silicon Valley fund, while the latter's is SamaipataHe has taken the opportunity to reinforce his role in the firm.
Thanks to this sale, Matera will now focus on two areas in order to consolidate its position as a European leader in its sector.
Firstly, it intends to increase its staff to strengthen support for contract renegotiation, the management of larger construction sites and contracts for clients buying new-build flats.
Secondly, it also plans to expand into Europe.
Spain is precisely one of the most attractive destinations, with a residential market structure and legal challenges and obligations very similar to those of France.
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