Unlatch raises $5.8 million led by AXA Venture Partners
French startup Unlatch announced a $5.8 million financing round, including $4.5 million in equity from AXA Venture Partners and $1.3 million in debt.
Unlatch was launched in 2018 by François Marill (HEC), Thomas Rivoire (HEC-lawyer) and Olivier Adam (X-Telecom), who also founded LegaLife. Unlatch is a B2B software solution for residential real estate professionals – property developers, brokers, social landlords – that fully digitizes the sales process. “Thanks to Unlatch, processing times are significantly reduced and the parties involved benefit from an online collaborative tool that makes the entire sales process smoother and simpler all while enriching the relationship with the buyers.” Nearly 250 property developers, brokers, social landlords, including Quartus, Constructa, Emerige, and Demathieu Bard use the software.
AXA Venture Partners will support Unlatch with its expansion plans. The company launched in Belgium last year and plans to set up operations in Spain and the UK this year.
“We are very pleased to join forces with AXA Venture Partners to implement our international development strategy and we welcome François Robinet who joins our board. AVP has a strong international dimension and we could not have asked for a better shareholder to help us accelerate the already very rapid growth of Unlatch. The current economic and health crisis has convinced property developers that digitisation is an inevitable evolution.” – François Marill and Thomas Rivoire, cofounders of Unlatch.
“As an investor, we are delighted to support Unlatch and are convinced that the quality of the team and the efficiency of the solution make a real difference in a rapidly changing real estate market. Real estate transactions are complex operations that can massively benefit from the digitisation of processes to make them more efficient and collaborative. This is precisely what Unlatch’s technology allows and we are very happy to contribute to this evolution. The Covid-19 crisis has been a catalyst to faster adopt digital solutions. Unlatch has anticipated this movement and will continue to innovate in France and internationally. We are proud to support François, Thomas, Olivier and all their teams in their development projects.” – François Robinet, Managing Partner of AXA Venture Partners.