Aeron has invested up to €100 million in Stonal, a data management platform provider located in Paris, France.
Use of funds
The money will be used by the business to grow both its operations and growth initiatives.
The business manages a combined portfolio of more than 200 million sqm (including 1.6 million housing units) throughout all of Europe for more than 130 customers, including REITs, insurers, housing organizations, asset managers, and family offices. It employs 150 people in the UK and France.
“The real estate industry, both residential and commercial, is at a crossroads. Although AI has the potential to drastically change the industry, training these systems still takes a large quantity of data. Our strategic cooperation with Aareon will enable us to achieve this level of success and quicken the pace of our European growth.”
Robin Rivaton
About Stonal
Stonal was established in 2017 with the goal of providing asset owners and investors with high-quality data at scale. It is headed by CEO Robin Rivaton and was founded by current executive chairman Michel Tolila and Jean-Maurice Oudot. Building information is extracted from papers and drawings using its collaborative AI-powered platform, which makes a building database accessible to stakeholders including insurers, surveyors, and property managers. ESG reporting and capital expenditure planning are provided via its decision-making modules to boost profits, boost efficiency, and protect value.
