Upfund Secures €1.3 Million to Transform Commercial Real Estate with AI and Data Analytics
French proptech company Upfund, specializing in data analysis and artificial intelligence for corporate real estate, has successfully raised €1.3 million in a fundraising round. Investors include Bpifrance, CDG Invest, MNF Ventures (via its MNF II fund), and prominent business angels from the technology and real estate sectors.
Fueling Innovation with GeoAI Technology
This investment will enable Upfund to enhance its GeoAI technology, designed to analyze and map complex real estate data in real-time. By delivering precise geospatial insights, GeoAI empowers a wide range of professionals, including:
- Real estate agents,
- Investment funds,
- Brands, and
- Real estate companies.
The platform helps these stakeholders make data-driven decisions in an industry valued at $7.2 trillion, known for its complexity and lack of transparency.
Building a Transparent Real Estate Ecosystem
In a sector where access to reliable information remains a challenge, Upfund is committed to revolutionizing corporate real estate by offering transparent, accessible, and interoperable data. Co-founder and COO Bereme Lardjane stated:
“For us, the real estate market must be clear and accessible, without opacity. Our commitment is to build a trusted market through data.”
The company’s mission aligns with its ambition to become the “Bloomberg of real estate,” democratizing access to reliable and actionable real estate insights.
Strategic Focus on R&D and Expansion
With this funding, Upfund plans to:
- Strengthen R&D teams to integrate diverse data sources.
- Expand platform functionalities, enhancing predictive analysis and real-time insights.
- Accelerate commercialization to solidify its market presence.
CEO Mehdi Bakkali emphasized the importance of structured data in leveraging AI:
“There is no AI without data. Rigorous data structuring is essential to take full advantage of generative AI in the real estate sector.”
Transforming the Real Estate Industry
The financing positions Upfund as a leader in the ongoing digital transformation of the real estate industry. By addressing challenges such as opaque market practices and inaccessible data, Upfund aims to empower professionals with tools to:
- Improve decision-making,
- Enhance efficiency, and
- Navigate an increasingly competitive landscape.
About Upfund
Founded in 2022, Upfund uses data analytics and AI to provide real-time insights for corporate real estate. Its goal is to democratize access to actionable information, enabling stakeholders to make informed strategic decisions.
This latest funding marks a crucial step in Upfund’s journey to reshape the real estate sector, driving innovation and transparency through cutting-edge technology.