Masteos raised €40 million in a Series A investment round backed by DST Global Partners and Daphni.

Masteos, a Paris, France-based SAAS startup specializing in rental investments for individuals, raised €40 million ($41.7M) in an equity round dubbed series A.

The money was raised from investors including existing sharehlders from France Daphni, joined by DST Global Partners.

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 a €15 million round backed by Daphni in 2021 as well as €1.1 million from multiple angel investors from France at the ned of 2020.