Bordeaux-based Loré, a pioneer in software for managing real estate tax and investment affairs, has secured an €8 million investment from Paris-based investment firm idiCo. This funding marks the first commitment of the idiCo Expansion 4 fund and will significantly bolster Loré’s growth and technological advancements.
Founded in 2009 by Charlotte Valette, Loré merges financial consulting with cutting-edge technology to assist real estate clients in strategic financial management. Known for its SaaS solutions, the startup has experienced significant growth in recent years, primarily due to its WIM platform. WIM automates property tax management, integrates data, and recalculates contributions, making it easier to track expenses and identify tax anomalies. The company, based in Bordeaux, employs 35 people and is projected to achieve over €5 million in sales in 2024.
Earlier this year, Loré launched Alfons, a digital platform aimed at managing and optimizing local taxes on commercial and industrial properties. With over 250 businesses already using its solutions, Loré aims to expand its IT offerings across the entire real estate sector.
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Support from idiCo
The investment from idiCo will support Loré’s continued growth, particularly in the social housing sector. Loré plans to expand its market share and develop new offerings, including those from its recent acquisition of Apoca. Charlotte Valette, Director and co-founder of Loré, expressed enthusiasm about the partnership: “We are delighted with this new partnership with idiCo and the confidence they have shown in us. This support will help us accelerate our growth and become a key player in the real estate sector.”
About idiCo
idiCo, a subsidiary of the IDI Group, specializes in private equity and private debt for small to lower-mid cap companies. Authorized by the French Financial Markets Authority, idiCo invests in French SMEs and mid-sized companies through equity stakes or bond financing. The firm focuses on sectors including healthcare, B2B services, technology, and industry, managing nearly €1 billion in assets across 31 investments and having supported over 110 companies.
Future Prospects
With this substantial investment, the french company is well-positioned to enhance its innovative real estate management solutions and expand its influence in the market, driving growth and efficiency in the real estate sector.
