Paris-based My Digital Buildings, a startup that creates and uses spatial building data (such as 2D plans, 3D point clouds, BIM models, and virtual tours) raises €2M in its first round of funding.
Grenoble Angels, three Auvergne-Rhône-Alpes business angel associations, Paris Business Angels, BADGE, Rhołne Dauphiné Développement, Daylight Investissement, Mr. Laurent FIARD, and Mr. Guillaume ANELLI are among the participants in this fundraising round.
A total of €1.2 million in equity and €800,000 in bank leverage from BPI France, CIC, and BP AURA make up the Seed investment.
With the help of this first round of funding, My Digital Buildings is well-positioned to establish itself as a leader in the world of producing, maintaining, and using geographical building data. This will be especially true as the company expands internationally, with the creation of its first subsidiary in Spain by the end of 2024. Additionally, a software platform is being developed to digitize the company’s fundamental operations and client relations. The utilization of geographical building data will be accelerated by this platform.
Émeric MOUROT, CEO of My Digital Buildings, stated:
The building world is undergoing a digital revolution, and we are confident in the market’s potential and our ability to play a pivotal role in this transformation. It was time to move quickly and introduce the business to a new area.I want to express my gratitude to our financial partners and Business Angels for their assistance.Trust is a fundamental value at My Digital Buildings, and we’re honored to have gained it!”
Philippe RASE, CEO of Grenoble Angels, said:
“We’re especially happy to be supporting My Digital Buildings, a company that is showcasing Grenoble’s technological expertise and pioneering spirit on a national scale with its innovative solutions for accelerating the creation and exploitation of spatial building data for its customers. Along with RDD, we are happy to have joined several associations from the France Angels federation, including BADGE, PBA, and three groups in Auvergne-Rhône-Alpes. We are more powerful and well-positioned when we work together to assist My Digital Buildings in expanding in the future!“
Since its creation in 2019, the Grenoble-based company has grown at an average yearly rate of 80%, and by 2023, its sales will have surpassed €2 million in revenue. The establishment of seven additional locations in France in 2022 highlights the business’s strong performance and confirms its place in the domestic market. This track record of success in France paves the way for the business’s intended global development.
