Stonal, a data management platform for real estate owners and investors in Europe, has announced a €100 million strategic investment by Aareon, a European provider of software-as-a-solution (SaaS) solutions for the property industry, to accelerate its European expansion.
Founded in 2017 by Michel Tolila, the current executive chairman, and Jean-Maurice Oudot, Stonal’s mission is to deliver data quality at scale for asset owners and investors. Its collaborative AI-powered platform extracts information from documents and blueprints, creating an accurate and up-to-date database on buildings open to stakeholders such as property managers, surveyors and insurers. Its decision-making modules offer ESG reporting and capital expenditure planning to increase returns, improve productivity and preserve value.
The company has quickly expanded into residential and commercial real estate. In early 2024, Stonal launched its proprietary StonalGPT, the first generative artificial intelligence solution designed for real estate owners and investors.
“The real estate industry, both residential and commercial, is at a crossroads. AI is a massive opportunity to reshape the sector in a remarkable way, but it still requires a significant amount of data on which to train these systems,” said Robin Rivato, CEO of Stonal. “Thanks to the strategic partnership with Aareon we will reach such a scale and accelerate our European expansion.”
Aareon provides SaaS solutions for the European property industry. With locations across France, Germany, the Netherlands, Spain, Sweden and the United Kingdom, Aareon serves 13,000 customers totaling 18 million housing units.
“Investing in Stonal is a strategic step to strengthen our ‘Aareon Sustain’ product portfolio and amplify our proficiency in AI technology across the Aareon Group,” said Harry Thomsen, CEO of Aareon. “With an expected uptick in the need for robust data management solutions, this collaboration not only reinforces the existing partnership between Stonal and Aareon in France but also equips us to meet our customers’ needs and deliver unrivalled innovation and operational excellence.”
Stonal was advised on this deal by Lazard, Aareon by Vulcain.
