Proptech PapyHappy gets €1.5M in funding

PapyHappy, a proptech startup based out of France, helps senior citizens find appropriate housing to fit their special needs, something that brings stress to many families across the globe.

The startup has raised a round of €1.5 million to accelerate its growth across France and in Europe. The financing round was led by new investors BDR IT and CFB Croissance & Innovation, as well as existing investors Bpifrance and Groupama Paris Val de Loire.

Founded in 2016 by Joachim Tavares in Joigny, Papyhappy’s platform offers services to facilitate the search for senior housing. With an aging population, especially for countries in Southern Europe, the market for these services is growing, and PapyHappy is planning expand its services to Spain in early 2019.

Joachim Tavares, founder of Papyhappy, said: “The success of this fundraising is a new pledge of confidence from our historic partners, Bpifrance, and Groupama Paris Val de Loire. We are delighted to have BDR IT and BFC Croissance & Innovation as new shareholders and we thank the Caisse d’Epargne and the Banque Populaire de Bourgogne-Franche-Comté for their support. We can now increase our development in France and offer our innovative services to European seniors in 2019.”

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