The French startup Check & Visit, a specialist in inventory, has just announced that it has raised 12.5 million euros in funds. Business Cool spoke with Thibault Le Treut, one of the co-founders of this startup, to learn more about his ambitions!
Everything you need to know about Check & Visit
Who are you ?
Thibault Le Treut, co-founder of Check & Visit, PropTech which aims to digitize the real estate sector in order to accelerate the energy transition in housing.
After launching a ready-to-wear e-commerce site at the age of 17, thus revealing my entrepreneurial spirit, I then joined a business school where my parents entrusted me with the management of their 4 apartments . That’s how I discovered the joys (and challenges, let’s be honest) of property management. For 5 years, I learned a lot while managing these properties and I developed a taste for this activity. When I got my first permanent contract, I decided to invest in a building with 4 rental apartments. This new responsibility led me to observe and question a particular problem: the management of visits and the production of inventory.
Regarding visits, the era was marked by the emergence of virtual tours and other players were already present in this niche. As for the inventory, there were many providers who were not very digital, offering very disparate prices and opinions. The big players, mainly subsidiaries of large real estate groups, were not interested in individuals and displayed catastrophic customer reviews. Faced with this situation, I felt the need to create a transparent, caring and ethical inventory service, offering an exceptional user experience. So in 2018, I launched Check & Visit to address this problem. Since then, Check & Visit has grown a lot.
What does Check & Visit do?
Created in Rennes in 2018, Check & Visit is a PropTech whose ambition is to assist real estate professionals around the world in the collection and structuring of data from the real estate assets they manage. Starting with the biggest concern of any property manager: the condition of the premises.
To do this, we provide real estate management professionals with our technology for producing 3D inventory reports, but also for digitalizing business processes. This allows our clients to gain in-depth knowledge, both macro and micro, of their managed real estate portfolio. Thanks to Check & Visit, our customers can unlock the true value of asset data while responding to new challenges arising from energy transition legislation, such as the Climate and Resilience law.
Today, we have more than 350 independent “Checkers”, more than 400 corporate clients and 1,500 real estate professionals throughout France. Since our creation, we have multiplied our turnover by 3 every year.
Check & Visit fundraising
Why did you choose to bring these investors into your capital?
Check & Visit has chosen to bring Amavi Capital, Axaleo, Realty Corporation, UI Investissement, Caphorn Invest, Anaxago Capital, Kima Ventures, Alternative Assets Finance, as well as business angels into its capital.
We chose to bring Amavi Capital, Axaleo, Realty Corporation, UI Investissement, Caphorn Invest, Anaxago Capital, Kima Ventures, Alternative Assets Finance, as well as business angels into our capital for several reasons. First of all, most of these partners were already present during our first fundraising, which demonstrates an established relationship of trust. Their initial commitment to our company demonstrates their interest in our project and their confidence in our team.
Additionally, these investors and partners have significant expertise and experience in real estate, technology and entrepreneurship. Their presence in our capital allows us to benefit from their network, their strategic advice and their operational support, which is extremely valuable for our growth and development.
Finally, these partners share our vision and ambition to revolutionize the real estate sector through digitalization and technology. Their support for our mission and values strengthens our determination to achieve our long-term goals.
Why did you raise 12.5 million euros?
After raising 100,000 euros from LoveMoney in 2019 and completing our first seed fundraising in 2020, we are pleased to have recently announced a Series A of 12.5 million euros, with the participation of AMAVI, Axeleo Capital Proptech I, EuroBIM, Realty Corporation, Breizh Up, CapHorn | Anaxago and Kima Ventures. This step marks our acceleration in real estate, towards new verticals and the preparation for international expansion. We are committed to supporting the energy transition and plan to open the market in the UK in 2024.
