Due diligence platform Drooms has sold its 30% stake in French proptech company Bazimo to software firm Loré.
Drooms, which had held the interest since 2022, said the stake was sold at a profit without disclosing the amount.
Founded in 2016, Bazimo offers enterprise resource planning and analysis services in the areas of property management, tenant management, financial management, technical management and ESG management.
Alexandre Grellier, CEO of Drooms, said: “Bazimo has developed very well in recent years. We were able to successfully support the founders with our experience and know-how and leverage synergy effects on the French market.
“We are confident that Bazimo, together with Loré, will be able to leverage further synergies for its users and the real estate industry. We will continue to invest in promising proptechs in order to further advance the digitalisation of the real estate industry and provide the best possible support to founding teams.”
Chloé Rayssac, Bazimo founder and CEO, said: ”Thank you to our investors who have supported us over the years and placed their trust in us.
“Under the Loré umbrella, we can continue to grow faster and pursue our shared vision of a simpler, more digital and more sustainable commercial real estate industry.”
To read the latest IPE Real Assets magazine click here.
