Stonal, the real estate data management platform, has announced a strategic investment by Aareon, a provider of 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 today covers both residential and commercial real estate in the markets of France and the UK.
In early 2024, Stonal launched its proprietary StonalGPT, a generative artificial intelligence solution designed for real estate owners and investors, establishing itself as one of the pioneers in this field.
Robin Rivaton, CEO of Stonal said: '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. To reach such a scale, we are accelerating our European expansion thanks to this strategic partnership with Aareon.'
Aareon is active locations across France, Germany, the Netherlands, Spain, Sweden, and the UK, serving 13,000 customers with 18 million housing units.
Harry Thomsen, CEO of Aareon said: '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.
'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 the deal by Lazard, while Aareon was advised by Vulcain.
