Proprioo has invested € 20 m ( $ 22 m ) to fund further expansion , less than a year after the French proptech start - up completed its last funding round . it sells properties on its platform but uses valuations and loans provided by real estate agents . It charges 1.99 % annually compared with the national average 5 % . It plans to expand from its Paris base to 40 more French cities . Backers included GFC , Rocket Internet and Picus Capital . Co - founder and CEO Simon Primack said the firm had a sales target of about € 1bn within two years .
Proprioo has raised €20m ($22m) to fuel further expansion, less than a year after the French proptech start-up completed its last funding round. Proprioo sells properties on its platform but uses valuations and photographs provided by real estate agents. It charges 1.99% commission compared with the national average 5%. It plans to expand from its Paris base to 40 more French cities. Backers included GFC, Rocket Internet and Picus Capital. Co-founder and CEO Simon Primack said the firm had a sales target of about €1bn within two years.