MYRE raises €7 million, strengthening its international ambition
MYRE is a collaborative SAAS platform that ensures and optimises the management of data relating to real estate assets in real time. Its multiple functionalities cover all the needs of Fund Management, Asset Management, Property Management and Real Estate companies. The solution has already been deployed across its clients’ assets in ten countries.
Press release, 7 December 2021 – MYRE recently completed a €7 million fundraising round led by NewAlpha. Along with NewAlpha, MYRE’s historical investors, including Naxicap Partners, HWA and Jean Peyrelevade, have renewed their confidence by participating in the latest capital raise. In addition, The Terrot Group as well as the former executives of Cassiopae RE have also taken part in the capital raise. Finally, MYRE’s employees also contributed, demonstrating their commitment to the project.
MYRE’s ambition is to be the pan-European reference solution for the management of data relating to real estate assets. This new round of financing will enable MYRE to double its workforce, accelerate its commercial growth by setting up operations in additional European countries, and by expanding its client base – with the goal of adding the real estate departments of major companies.
MYRE was founded in 2016 by Déborah Fritz, Isabelle Cohen and Ariel Boukobza. The company has nearly 35 employees based in Paris and Lyon. MYRE’s offering currently serves organisations of all sizes and has already convinced several industry giants of its high added value. For operational teams, the estimated time savings by employing MYRE’s suite of tools is between 20% and 50%.
“I am delighted to welcome NewAlpha in our round of financing and of the renewed confidence of our historical investors. NewAlpha quickly convinced us by their understanding of our market and challenges. We are eager to move forward together and extend MYRE’s leadership.” Deborah Fritz, CEO of MYRE.
“We were impressed by the depth and technicality of the solution. MYRE focused on all of the real estate asset manager’s interactions in order to organise fully digital asset processing, optimize monetization and ensure interoperability between stakeholders. This optimization of exchanges between stakeholders around a real estate asset is one of the main vectors for the development of Proptech at the crossroads with Fintech. International deployment is a major opportunity and we want to help the company seize it. “ Lior Derhy, Managing Partner at NewAlpha Asset Management
“Thanks to its expertise in real estate data modelling, MYRE has been able to develop a particularly effective collaborative platform to be part of the digital transformation of the sector, which is lagging behind in this area. Today, the company’s ambition is to develop new functionalities and to penetrate new international markets. Convinced of the interest of the product, the depth of the market and the quality of the team, we renew our confidence in MYRE and participate significantly in this round of financing, alongside NewAlpha. “ Eric Aveillan, CEO of Naxicap Partners.
MYRE helps accelerate the digital transformation of real estate players. The collaborative platform centralizes, makes reliable and exploits all the financial, legal and operational data of all types of real estate assets (offices, shops, housing, warehouses, nursing homes, etc.) and thus makes it possible to accelerate and optimize management decisions based on real-time indicators and reliable financial projections.
About NewAlpha Asset Management
NewAlpha Asset Management has been an independent pioneer in investing in entrepreneurs in the financial industry since 2009. The company offers its institutional clients a wide range of products and services in absolute return and private equity strategies. In 2015, it launched the 1st French Venture Capital fund dedicated to European FinTechs and now manages a portfolio made up of 17 FinTechs, one of the largest in France.
A subsidiary of La Française (Crédit Mutuel Nord Europe group), NewAlpha Asset Management is subject to the regulations of the Autorité des Marchés Financiers (AMF).
A leading private equity player in France, Naxicap Partners – an affiliate of Natixis Investment Managers – has €5 billion of capital under management. As a committed and responsible investor, Naxicap Partners builds a solid and constructive partnership with the entrepreneurs with whom it partners to ensure the success of their project. The company has nearly 39 investment professionals in 5 offices located in Paris, Lyon, Toulouse, Nantes and Frankfurt.