PropTech business raises significant Series B funding

WeMaintain, which is a PropTech company based in Paris and London, has raised €30 million in Series B funding.

The raise follows WeMaintain’s acquisition of fire alarm solutions company Shokly, and the business says it will allow WeMaintain to accelerate its international expansion.

Jade Francine, WeMaintain’s co-founder and COO, said: “Our success in Europe is a strong indicator of the global needs of the sector. Property owners and managers have suffered from the status quo. We decided to respond through our technology and our ambitious approach. Singapore is an ideal place to prove the replicability and scalability of our model and technology.”