- November 21, 2024
- Category: Investment, MNF II
Upfund, the ambitious French proptech specializing in data analysis and artificial intelligence applied to corporate real estate, announces the closing of a €1.3 million fundraising round. This strategic investment will allow Upfund to develop its GeoAI technology and transform the commercial real estate market – a $7.2 trillion sector – by making it more transparent, accessible and oriented towards informed decision-making through advanced data mining. This round brought together Bpifrance, CDG Invest, MNF Ventures (through its MNF II fund), as well as several Business Angels from the technology and real estate sectors.
A strategic investment to support innovation and expansion
The new fundraising will strengthen the R&D teams to integrate ever richer and more diversified data sources and accelerate the commercialization of its offers. With its GeoAI technology, Upfund is able to analyze and map complex data in real time, providing precise geospatial insights that help real estate agents, investment funds, brands, real estate companies and other real estate professionals.
Real estate data use cases will explode with the arrival of generative AI and industry leaders are looking to equip themselves as quickly as possible to compete in an increasingly competitive sector. However, AI is not a miracle solution; it requires rigorous structuring of internal and external data to take full advantage of it. “There is no AI without data,” emphasizes Mehdi Bakkali, CEO of Upfund.
Making the corporate real estate market more transparent through data and AI
In a sector still marked by a lack of transparency and difficult-to-access information, Upfund is committed to transforming this ecosystem by providing reliable, up-to-date and interoperable data to enable decisions based on clear and precise insights. “For us, the real estate market must be clear and accessible, without opacity. Our commitment is to build a trusted market through data,” explains Bereme Lardjane, co-founder and COO of Upfund.
This financing will allow Upfund to strengthen the entire real estate information value chain, from data collection to predictive analysis. With this new financing, Upfund plans to increase the functionalities of its platform and develop ever more precise and efficient analysis tools, actively participating in the digital transformation of the real estate sector, a sector in full renewal.
About Upfund
Founded in 2022, Upfund is an innovative startup specializing in data analysis and artificial intelligence for professional real estate. Its mission: to democratize access to reliable and real-time real estate insights, making Upfund the “Bloomberg of real estate”. Through its solutions, Upfund allows real estate market players to make strategic decisions based on concrete and precise data. This fundraising marks a key step in the company’s development, providing it with the resources necessary to realize its vision of the digital transformation of real estate.