Masteos announced closing a €15 million round backed by daphni.

Masteos, a Paris, France-based SAAS startup specializing in rental investments for individuals, announced closing in a €15 million ($17.6M) financing round.

The equity was raised from French investors led by the VC from daphni.

Proceeds will be used for expansion to other cities from France including Nice, Strasbourg, Rennes, Montpellier as well as opening to Europe via Belgium, Italy and Germany.

Masteos, founded in 2019 by Maxime Hanquier and Thierry Vignal, is developing a platform for individuals looking to invest in real estate. The company provides support and access from obtaining the bank loan to managing the property, including any work and furnishings. It says it handles a portfolio of roughly €60 million, with an expected average return of 8%.

Masteos previously raised €1.1 million from multiple angel investors from France at the ned of 2020.