Bordeaux-based Jestocke raises €1.7 million to expand its vacant space rental platform | EU-Startups
Summary
Whether it be social housing companies with vacant garages, logistic warehouses, attics or cellars, the platform offers more than 1.275 million square meters storage space for their clients, both for business and personal needs. After conquering the market in furniture and professional storage, the startup is capitalising on its expertise to broaden its services to logistics challenges, in a way that will avoid any negative ecological impact. With this funding, the startup plans to increase its team and assist social housing companies in entrusting their vacant spaces to the platform in France and Belgium. Mohammed Abdesslam, Director of Investment at MAIF Avenir, commented: “As a previous investor in the company, we are very proud of the path Jestocke has taken and which has led them to where they are today. A pioneer in the collaborative economy, dedicated to giving value to vacant space, the company has become in just a few years a major actor in ‘smart’ cities using their expertise and technology to penetrate the professional market and their stocking needs.” Laurent Burton, president of Leansquare, said: “Giving value to vacant spaces is becoming a major challenge, for personal and professional needs.