Axa Venture leads €5.2m round for Unlatch

The round is composed of €4m in equity provided by Axa Venture and €1.2m in debt financing.

The company intends to use the fresh capital to develop new features for its platform, boost its growth across the French market and bolster its international expansion, primarily in Spain and the UK.

Axa Venture is currently investing its AVP Early Stage II fund, which held a first close on $150m in January 2019. The vehicle focuses on North America, Europe and Israel, investing up to $6m in tech companies operating in the enterprise software, consumer platform and SME digital services sectors, with a particular focus on financial technology and digital health.

In addition, the firm has recently held a first close on €200m for its AVP Diversified II fund-of-funds. The vehicle is targeting €250m for its final close, which is expected before the end of 2020. It invests in the US, Europe, Israel and Asia, with a special focus on China, targeting seed-, early- and growth-stage tech-focused funds, as well as secondary opportunities.

Company
Established in 2018 and based in Paris, Unlatch offers a B2B software for residential real estate professionals, which streamlines and simplifies the sales process.

Its platform has been adopted by nearly 250 real estate specialists, including Quartus, Constructa, Emerige, Demathieu Bard Real Estate and Aqprim. According to the company, since mid-March 2020 it has recorded a 25% increase in activity.

People
Axa Venture Partners – François Robinet (managing partner).
Unlatch – François Marill, Thomas Rivoire, Olivier Adam (co-founders).

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