Beanstock, a buy-to-let investment marketplace, raises €12M Series A

Startups that create platforms making it easier to buy “buy to let” properties are proliferating.

In the U.S., there is Roofstock, Mynd, Awning and Doorvest, among others. In Europe, there is, for example, GetGround, Urbyo or Bricklane. Beanstock.fr, a French buy-to-let investment marketplace that allows individuals to buy and manage properties online, has made hay as Spanish, English, and German buyers flock to investing in French real estate because the yields are high.

Beanstock has now raised a €12M Series A round led by 360 Capital. Also participating were Entrée Capital, PropTech1 and FJ Labs, and existing investors Axeleo and Realty Corporation. They were joined by angel investors Giorgio Tinacci (CEO of Casavo), Alister Moreno and Pablo Fernandez (founders of Clikalia), Victor Lugger (CEO of sunday), Arkadi Jampolski and Jan Hase (founders of Wunderflats), Vincent Huguet (CEO of Malt) and Raphaël Di Meglio (CEO of Matera).