Proprioo raised €20m from GFC, Rocket Internet, and Picus Capital.

Paris-based prop-tech​ startup Proprioo raised €20 ($23m) from existing shareholders, including GFC, Rocket Internet, and Picus Capital, less than a year after its last round. Equity stakes were not disclosed. Proprioo sells properties on its platform, deploying a real estate agent to give a free estimate and take photos within 24 hours. The startup charges a commission of just 2% – compared to a national average of around 5% – and offers a range of tools to make the real estate process more efficient. The new funding will allow Proprioo to accelerate its development in France, and continue its expansion into 40 French cities, representing 50% of the real estate sector in France. “The support of our investors since the beginning of Proprioo allows us to calmly consider the future and our ambition to become a key player in the real estate sector by reaching within two years a sales volume of around one billion euros,” Simon Primack, CEO and co-founder of Proprioo.