French startup Upfund, established in 2022, has raised €1.3 million in a funding round to advance its artificial intelligence and data analysis solutions for the commercial real estate sector. Investors include Bpifrance, CDG Invest, MNF Ventures, and several technology and real estate industry business angels.
The funding will support the development of Upfund’s GeoAI technology, which facilitates real-time geospatial analysis and mapping of complex data. This innovation aims to improve transparency in a global commercial real estate market valued at $7.2 trillion. The platform provides investors, agents, and industry professionals with actionable insights, enabling data-driven decision-making.
According to CEO Mehdi Bakkali, the success of artificial intelligence hinges on robust and structured data. He emphasized the need for the real estate sector to adapt quickly to remain competitive in a rapidly changing environment. Co-founder and COO Bereme Lardjane echoed this sentiment, stating that Upfund’s mission is to create a reliable, data-driven marketplace to reduce opacity in the industry.
The startup plans to expand its research and development teams and accelerate the rollout of its solutions. With this funding, Upfund aims to further develop its analytics tools and enhance the capabilities of its platform, aligning with its vision to digitally transform the real estate sector.
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar
