France: Paris-based villa rental company So Villas has announced that it has closed a €10 million funding round led by French financial services company ClubFunding Group.
The round comprised of €7 million raised through a number of bond loans through the ClubFunding platform since 2022 and a fresh equity financing of €3 million provided by a family office with the assistance of ClubFunding Group.
David Peronnin, president of ClubFunding Group, told jaimelesstartups.fr: “We have been supporting So Villas’ growth for over a year. The group’s needs have evolved and we are very happy to join forces with the founders, Alexandre Martucci and Aurélien Boudier, with whom we share a passion for entrepreneurship and real estate.“
Aurélien Boudier, co-founder of So Villas, told the website that the company would put the funding towards acquiring new properties and expanding its presence in the French city of Lyon.
He said: “This new fundraising symbolises the recognition of the solidity of our model and the financial structure of the group. From an operational point of view, these funds will allow us to accelerate our development via a presence on the Lyon market and the acquisition of several houses.”
Currently operating 31 properties in Burgundy, the Loire Valley and Normandy, So Villas is aiming to become a major player in the rural holiday home market over the coming years. Its villas typically accommodate around 30 guests, making stays suitable for friends, family and work colleagues, and are equipped with everything from swimming pools to football pitches, pool tables and sound systems to suit all needs.