French startup Bellman has raised a $4.5 million (€Four million) seed extension spherical led by Lakestar with current traders Connect Ventures and Financière Saint-James additionally taking part. Bellman is targeted on enhancing residential constructing administration.
But the startup doesn’t suppose you may substitute this job with software program altogether. Instead, Bellman thinks it might vastly enhance the expertise by constructing a tech platform and hiring in-house property managers.
In France, most residential buildings are managed by non-public firms specialised in property administration. They deal with all of the relationships with third-party firms, from utilities to development work, cleansing, insurance coverage and extra.
But most of these firms depend on emails and letters to ship info. If you’re searching for some particulars on a change in your constructing, you’re going to waste a ton of time searching for that information.
That’s why Bellman has constructed a tech platform for each property managers and landlords. The startup’s property managers use it to centralize every little thing, from contact information to payments, whereas co-owners get electronic mail updates and a central repository with every little thing associated to their constructing.
Eventually, Bellman needs to automate among the most repetitive duties in order that property managers change into extra environment friendly. They can spend extra time renegotiating contracts and dealing on long-term points. This isn’t about undercutting the competitors, however extra about enhancing the expertise.
When I first lined Bellman, the startup was simply getting began with a dozen buildings underneath administration. It is now working with 100 buildings, representing 2,500 individuals paying a month-to-month price.
With at the moment’s funding spherical, the corporate needs to do extra of the identical — Bellman goes to rent extra in-house property managers and extra individuals on the software program improvement group. Right now, the startup remains to be specializing in the Paris space.