PropTech new actor UpFactor raises €2.5M

UpFactor is a company based on a multi-business expertise that aims to automate and industrialize the process of building elevation. The company uses smart data to support owners in their real estate optimization. UpFactor is a highly impactful PropTech contributing to build the city of tomorrow: energy transition and soft densification of our cities thanks to building elevation. The company recently raised €2.5m from CapDecisif Management, SOFIOUEST, and FA DIESE.

In just 2 years, UpFactor has analyzed more than 2,600 addresses for its clients, generating more than 63 projects with an average area of 950m². Facing the housing crisis, the horizontal extension of cities and the mobility issues it generates are reaching their limits. The elevation of existing buildings not only presents significant potential for the creation of housing in an urban center but also constitutes a financial opportunity for buildings that are always more costly to maintain, especially facing the challenges of energy renovation.

The company has demonstrated its know-how and its ability to innovate by developing UPFACTOR GEOSERVICES®, a 3D GIS tool for detecting the elevation potential of buildings. This fundraising will be used to develop activity in the Ile-de-France region and in major regional cities, to continue R&D to launch new features and products, and to strengthen its operational and commercial staff.

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