Based in Paris Masteos raised â¬40m in a Series A investment round, just 9 months after raising â¬15m in a seed round provided by Daphnia. The new balance sheet figures are expected to be used to further fuel the company’s international market expansion plans as well as refine its technologies.
Despite layoffs, rising inflation rates, and house prices that have soared thanks to a global pandemic, it would seem that there are actually some individuals who just can’t be bothered by the boredom of making more money with their money, especially in the rental property investment industry.
First, there is the need to source these properties; a better day spent on the boat, don’t you think? So it’s a missed morning errand in Val d’IsÃ¨re when it’s time to buy, not to mention the holidays in the Maldives that will have to be postponed when the time comes to renovate, furnish and decorate these money makers. And then actually manage them? But no.
Fortunately, Masteos has set up a service that will allow me these people not only just pay someone else to do it, but it can be done remotely, all through a mobile app. With the latest round, Masteos reports that new features will be developed, including an improved matching algorithm, the ability to track every step of the renovation and furnishing process, and last but not least, financial performance tracking. said rental real estate investment. .
Unfortunately, only the French are currently aware of this luxury, however, the company plans to be active in Belgium and Spain in the first quarter of 2022, in the United Kingdom and Germany before the end of the year; and in Italy, the Netherlands and Portugal in 2023.
âOur goal is to enable anyone to invest in rental properties across Europe, directly from their smartphone. Our clients can visit properties in 3D on the app, follow the the progress of renovations, manage tenants and complete all the documents necessary for the investment process in a few clicksâ, commented the co-founder of Mateos, and seasoned leader of a tax and real estate law firm. Thierry Vignal.