SaaS company Stonal receives up to €100 million from Aareon. The investment will accelerate its European expansion.
Stonal, an AI-powered real estate data management platform, has announced an up to €100 million (~$107 million) strategic investment by Aareon, the provider of SaaS solutions for the property industry. According to the press release, this strategic partnership between the two companies will accelerate Stonal’s expansion across Europe.
Robin Rivaton, CEO of Stonal shared: “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.”
Harry Thomsen, CEO of Aareon said: “Investing in Stonal is a strategic step to strengthen our “Aareon Sustain” product portfolio and amplify our proficiency in AI technology across the Aareon Group. With an expected uptick in the need for robust data management solutions, this collaboration not only reinforces the existing partnership between Stonal and Aareon in France but also equips us to meet our customers’ needs and deliver unrivaled innovation and operational excellence.”
About Stonal:
Founded in 2017, Stonal is the AI-powered data management platform for European real estate owners and investors. Its collaborative AI-powered platform extracts information from documents and blueprints, creating an accurate and up-to-date database of buildings open to stakeholders. Its decision-making modules offer ESG reporting and CapEx planning to boost returns, efficiency, and asset value.
In early 2024, Stonal launched StonalGPT, the first generative AI solution for real estate owners and investors.
About Aareon:
Aareon offers SaaS solutions for the European property sector. Its property management system, driven by smart software solutions, enhances property management and maintenance, ensuring top-notch digital experiences for all stakeholders. Aareon operates in France, Germany, the Netherlands, Spain, Sweden, and the United Kingdom, serving 13,000 customers managing 18 million units in total.
SaaS Weekly Roundup #44 – SaaS Funding
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