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Matera, an emerging leader in the residential property management industry, announced a 35 million euros Series B funding round led by Mubadala Capital, alongside Bpifrance. and with participation from existing investors Index Ventures and Samaipata. Burda’s growth capital arm BurdaPrincipal Investments also participated in the round which marks its first investment in France. The funding will enable Matera to accelerate its European expansion, beginning with its launch in Germany this year. After the COVID-19 pandemic and lockdowns, during which homeowners reconnected with their properties, Matera achieved 300 percent year-on-year growth, with 3,000 client buildings today, and the company plans to double this figure by the end of 2021.
Founded in 2017, Matera disrupts the traditional residential building management industry. It cuts out third party managers and enables its clients, the co-owners of residential buildings, to manage their building directly, with an online platform to manage tasks and a team of experts for technical issues. In a field plagued by low quality of service and general dissatisfaction, Matera enables its clients to manage their building efficiently with full control and transparency, while saving an average of 30% on their building costs.
In 4 years, Matera has proven the relevance and the strength of its model. It is today the 5th largest property management company in France and boasts a 90% satisfaction rate in an industry which suffered from the inertia of traditional actors.
The company intends to launch in Germany while accelerating its growth in France. By the end of 2021, it aims to have 6,000 client buildings and 250 employees, including 40 in Germany
“The past year gave us the opportunity to prove the relevance of our model and our value proposition, showing why Matera is the perfect solution for our times. The crisis sped up the digital transformation of our market, while at the same time increasing the attachment to our homes and buildings. Our clients wanted more transparency, and to save money and that’s exactly what we can bring them. All these factors make our model the future of residential building management.”
Raphaël di Meglio, Matera’s CEO
“We’ve been very impressed by the growth and the customer love that Matera has generated over the past years. We are looking forward to supporting Raphael and his team on their launch in Germany and their mission on becoming the building management leader in Europe.”
Christian Teichmann, Managing Director of BurdaPrincipal Investments
“Matera brings much needed innovation to residential property management, developing a best-in-class software solution to put co-owners in direct control of their building’s operations. We’re thrilled to support Raphael, Victor, Jeremy and the entire team in the next phase of growth.”
Thomas Juvin, Investment Manager at BurdaPrincipal Investments
Further information on Matera can be found here: www.matera.eu