Property site ChercheMonNid raises €1.2 million
18 Jul 2017
The French real estate site ChercheMonNid raised €1.2 million ($1.4 million U.S.) from Normandie Participations, NFactory and 5M Ventures. The proceeds will fund its expansion into other countries and enable it to hire additional staff. But, details about specific plans were not divulged.
ChercheMonNid offers the home-seeker (buy and rent) the choice to request a contact to, and interact directly with, their local estate agents via a dashboard. It launched in 2016 in France’s region of Normandy, after raising €600,000 ($675,000 U.S.) from a group of investors (we reported here).
The site receives users’ criteria for desired properties. Then, based on the info received, the site sends them ads from various real estate agencies.
The business model of the site is structured as follows: all real estate agents are emailed the property search requests of users in their geographical areas. They may only respond for free to three customers of their choice per month. Beyond that, they pay €55 per month. They have no other commitment to the site, or commission to pay on completion of a transaction. To date, ChercheMonNid has 50,000 professionals listed on its platform.
Private users receive real estate listings via an instant messenger integrated into the platform. The site never shares its contact information with the agencies.