Belgian Proptech Raises €2.1 Million for French Market Expansion

Getting backing by one of the biggest venture capitals in the proptech world is quite an accomplishment. That’s exactly what SweepBright has done with its recent funding round, where it was able to cinch €2.1 million which it will put towards expansion into the French Market. 

SweepBright is a CRM software provider that offers real estate professionals automated administrative tasks and leverages their data to better serve their clients. 

Backing SweepBright is the Flemish Agency for Innovation and Entrepreneurship, the University of Antwerp, and most notably, Anaxago’s Venture Capital. 

Alexandre Heraud of Anaxago said: 

”Anaxago has a unique position due to our collaboration with professionals in the real estate sector, which means we are very well informed of the needs in the sector.  The investment teams have set themselves a clear guideline: to invest in companies that we can support in their growth through our ties with real estate professionals. Since 2015, the PropTech investment team has analyzed more than 900 files to  select just a dozen, including SweepBright.”

Raphael Bochner from SweepBright said: 

"Anaxago impressed us with its in-depth knowledge of the Proptech market and will  be able to accelerate our ambitions in the French market by creating collaborations  between SweepBright and the various companies in its portfolio.”

Heraud explained: 

"The transaction process in the French real estate sector suffers from the same inefficiencies as in Belgium. The French market is up to 10 times bigger and much more competitive for real estate agents. Moreover, the sector is facing major challenges due to the many newcomers (such as "online" agencies) and the health crisis. This requires an accelerated introduction of technologies and tools where  SweepBright serves as the technological backbone. The growing need of the real estate sector to go digital is an opportunity for us to further develop SweepBright into a global player.”