WeMaintain, a proptech company based in Paris and London, has raised EUR30 million in Series B funding.
The raise follows WeMaintain’s acquisition of fire alarm solutions company Shokly, and allows WeMaintain to accelerate its international expansion and extend its state-of-the-art proprietary technology across the built environment. Supported by Eurazeo since its Series A round in 2019, WeMaintain raises its Series B with Red River West, BPIFrance Digital Ventures, and Swiss Immo Lab. Eurazeo is renewing its support to the company.
WeMaintain’s latest million-dollar cash-backing moves the company closer to realising the company’s ambition to manage the critical elements of a building and power smart cities. Having launched in London last year, WeMaintain has struck noteworthy deals with the co-working provider Workspace and Keolis Amey Docklands (KAD), operators of the Docklands Light Railway (DLR). The company is expanding globally, bringing its solutions to Singapore, which has one of the most sophisticated built environments in the world. WeMaintain has already struck a deal with the Singapore Housing & Development Board.
Benoît Dupont, WeMaintain’s co-founder and CEO, says: “This raise is a step towards realising our aim to expand globally. Eurazeo shared from the beginning our vision to use tech to better manage building operations and foster the development of greener and smarter buildings. We benefited from Eurazeo’s strong network in Asia to set up our office and get access to key customer accounts.”
This new round testifies of the strong momentum for Eurazeo Smart City’s companies. Eurazeo launched its Smart City strategy in 2016 to support exceptional entrepreneurs who leverage on digital technologies to tackle environmental challenges and improve quality of life in cities: new energy, sustainability, decarbonation, mobility, logistics.
Matthieu Bonamy from Eurazeo says: “Our Smart City companies have experienced a significant surge in business and funding as the transition towards more digital and sustainable cities accelerated in 2021.”