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.
WHO IS MATERA?
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.
MANAGING TASKS
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:
- Real-time expenditure tracking
- Pay bills and charges online
- Accessing a database of trusted suppliers
- Report leaks and other operational problems
- Interact with other co-owners directly on the platform.
COMMUNITY ENLARGEMENT
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.
A MODEL FOR THE FUTURE
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.
SECOND SHAREHOLDING SALE
In mid-January this year, the French company sold some of its shares to new investors and former investors in a round valued at €10 million.
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.
TWO AREAS OF GROWTH
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.
OTHER RELEVANT OPERATIONS IN THE SECTOR
PRONTOPISO
Prontopiso offers real estate services advising on the purchase and sale of properties.
It is a Spanish online platform that accompanies and advises on real estate transactions, and can even advance the money.
In its last share sale, in 2019, the company managed to 14M€ to grow and gain a foothold.
CLICPISO
It is a platform that buys and sells flats, offering a fast, simple and transparent proposal..
Clicpiso was founded in 2017, featuring cutting-edge technology and placing the customer at the heart of its business model.
In 2019, it sold part of its shareholding for the first time in a round with a value of 8M€ for their growth.