Proptech Firm Unlatch Raises Funding to Support Expansion

More companies are raising funding while markets across the world stabilize. One such is Unlatch, a French proptech firm focusing on developing new ways to sell property online.

The company has just announced that it has raised €5.2 million in funding. The round was led by AXA Venture Partners and the capital will be used to add new services and features to its platform while accelerating international influence, specifically within the UK and Spain.

On the successful funding round, François Marill and Thomas Rivoire, Co-Founders of Unlatch, said:

“We are very pleased to partner with AXA Venture Partners to implement our international development strategy and welcome François Robinet who joins our  Board. AVP has a strong international dimension and we could not hope for a better shareholder to help us accelerate the already very fast growth of Unlatch.”

This isn’t the first good news from the company since the beginning of the year. Unlatch has reported that it has seen a 25% increase in activity on its site since mid-March. 

Investing in companies that focus on contactless processes is the new norm. As countries ease up on lockdown measures, some aspects of quarantine are sticking. Digitalization is a movement that has gained momentum in recent years and the pandemic has only accelerated that trend. 

François Robinet, Managing Partner of AXA Venture Partners, said:

“As an investor, we are delighted to support Unlatch and are convinced that the quality of the team and the effectiveness of its solution make a real difference in a rapidly changing real estate market. Real estate transactions are complex transactions that can massively benefit from the digitalization of processes so that they are more efficient and collaborative. This is precisely what Unlatch’s technology allows and we are very happy to contribute to this evolution. The Covid-19 crisis has been a catalyst for faster adoption of digital solutions.  Unlatch has anticipated this movement and will try to innovate in France and internationally.”