Proprioo operates a home sales platform that deploys a real estate agent to provide a free estimate and take photos within 24 hours, and uses in-house tools to improve agent efficiency. The company charges a commission of 1.99%, well below the national average of around 5%, enabled by its proprietary technology and service model. Founded in 2016 and based in Paris, Proprioo sells properties on its platform and positions itself as a digital-first alternative to traditional real estate players. The new funding is intended to accelerate development in France and continue expansion into 40 French cities, covering roughly 50% of the French real estate market. Proprioo plans to strengthen its team with 200 new hires over the next two years, including 100 in Ile-de-France. Management says the company aims to reach a sales volume of around one billion euros within two years and will continue to innovate and add services for clients.

Total raised

$22M

Funding rounds

1

Latest round

Equity

Latest activity

May 2019