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French start-up Upfund, specializing in data analysis and artificial intelligence for commercial real estate, has completed a €1.3 million financing round. This investment, supported by Bpifrance, CDG Invest, and MNF Ventures (for Morocco), as well as several business angels from the technology and real estate sectors, aims to accelerate the development of its GeoAI technology and disrupt a market valued at $7.2 trillion.
With this funding, Upfund intends to improve the transparency and accessibility of commercial real estate. The startup plans to expand its R&D teams to enrich its databases and accelerate the commercialization of its solutions. Its GeoAI technology allows for the real-time analysis and mapping of complex data, providing precise geospatial insights to investors, real estate agents, and other industry professionals.
Upfund CEO Mehdi Bakkali emphasizes that artificial intelligence can only succeed with structured data. «There is no AI without data», he stresses, highlighting the need for the real estate sector to quickly adapt in order to stay competitive in a rapidly changing environment.
Bereme Lardjane, co-founder and COO, explains that Upfund’s goal is to eliminate the opacity of the commercial real estate market by providing reliable and accessible data. «Our commitment is to build a trusted market through data», he says.
Founded in 2022, Upfund positions itself as the «Bloomberg of real estate». With this new funding, the startup plans to develop more powerful analysis tools and expand the functionalities of its platform, further contributing to the digital transformation of a rapidly evolving sector.
