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Stonal Secures Nearly €100M Investment from Aareon

Stonal, a leading real estate data management platform, announced a strategic investment of up to €100M from Aareon
May 6, 2024

Today marks a significant milestone for Stonal, the real estate data management platform, as it secures up to €100 million in a strategic investment by Aareon, a leading European provider of SaaS solutions.

Established in 2017, Stonal has been on a mission to revolutionize real estate data management, offering data quality at scale for asset owners and investors. Using a collaborative AI-powered platform, Stonal extracts information from documents and blueprints, creating an accurate and continuously updated database on buildings accessible to various stakeholders such as property managers, surveyors, and insurers. The platform's decision-making modules provide ESG reporting and CapEx planning, aimed at increasing returns, improving productivity, and preserving value.

In a move that underscores its commitment to innovation, Stonal launched StonalGPT, the first generative artificial intelligence solution designed for real estate owners and investors, positioning itself as a pioneer in the field.

Robin Rivaton, CEO of Stonal, expressed his views on the significance of this strategic partnership with Aareon, stating, "The real estate industry, both residential and commercial, is at a crossroads. AI presents a massive opportunity to reshape it deeply, but it requires a significant amount of data on which to be trained. To reach such a scale, we are accelerating our European expansion thanks to this strategic partnership with Aareon."

Aareon, a renowned provider of SaaS solutions for the European property industry, operates across France, Germany, the Netherlands, Spain, Sweden, and the United Kingdom, serving 13,000 customers and managing 18 million housing units.

Harry Thomsen, CEO of Aareon, emphasized the strategic significance of investing in Stonal, saying, "Investing in Stonal is a strategic step to strengthen our 'Aareon Sustain' product portfolio and amplify our proficiency in AI technology across the Aareon Group. With an expected uptick in the need for robust data management solutions, this collaboration not only reinforces the existing partnership between Stonal and Aareon in France but also equips us to meet our customers’ needs and deliver unrivaled innovation and operational excellence."

Aareon's investment in Stonal reflects the growing demand in the real estate sector for technological solutions that address its major challenges, catering to both larger and smaller companies. The convergence of expanding ESG expectations, increased CapEx for greener properties, stringent building safety regulations, and higher vacancies due to remote work for offices highlights the pressing need for such innovative solutions.

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