Iroko SAS

Based in France, Iroko SAS operates as a financial technology company specializing in real estate investment solutions, offering unique platforms for individuals looking to invest in diverse property portfolios across Europe. Iroko SAS, founded in 2019 in Paris, France, functions in the financial technology sector, focusing on real estate investment. The firm has completed a total of 3 deals, with its most recent deal occurring on March 17, 2021. Iroko raised EUR 725,003.

67 in Series A funding led by LO Capital. The company was established by multiple founders including Charles Duclert and Gautier Delabrousse-Mayoux, who also serves as CEO. The current company valuation stands at EUR 13. 999 mn.

Iroko's primary offering is the Iroko Zen fund, a Société Civile de Placement Immobilier (SCPI) that enables investments in a diverse portfolio of real estate assets throughout Western Europe, including countries like France, Spain, Germany, Ireland, and the Netherlands. Launched in 2020, Iroko Zen helps individual investors to collectively invest in large-scale real estate projects while minimizing management burdens associated with direct ownership. The platform eliminates subscription fees, allowing investors to optimize their capital in real estate. It targets individuals seeking regular rental income through socially responsible investment practices and collaborates with over 1,000 financial advisors and wealth management professionals to expand access to innovative investment solutions.

In 2021, Iroko reported revenue of EUR 1,519,114. 20 and an EBITDA of EUR -2,333,275. 30. The firm primarily generates revenue through property management fees based on the performance of the assets within the Iroko Zen fund, using a direct-to-consumer model for subscriptions via an online platform.

Iroko Zen aims for an annual distribution rate of 5. 5% net of management fees, although this target is not guaranteed, and the absence of subscription fees distinguishes it from traditional SCPI offerings. Following its most recent funding round on March 17, 2021, where Iroko SAS raised EUR 725,003. 67, the company aims to enhance its Iroko Zen fund offerings and expand into new markets.

The funds will support the development of new investment products to attract a broader range of investors. Additionally, Iroko is targeting an expansion into markets beyond Europe, although specific regions and timelines have not been disclosed. The recent funding will also facilitate further partnerships and enhance the platform's technology to improve investor experience.