Magma raises €1 million from a family office

Paris, 22nd August 2024 – A pioneer in the digital transformation of real estate, Magma is proud to announce that it has raised €1 million from a family office. This new investment marks a decisive step in Magma’s development and reinforces our mission to revolutionise property management through cutting-edge technologies.

This funding will enable us to continue our quest for innovation with the Digital Twin Token (DTT®️) and the Magma Index, two revolutionary tools designed to optimise property management by combining sustainability and efficiency. Thanks to this round of funding, Magma will be able to finalise the development of the platform, accelerate its commercialisation on the European and American markets and in the United Arab Emirates, and continue to set new standards for digital real estate.

‘In an increasingly difficult economic climate, this round of financing is all the more decisive for Magma as it will enable us to finalise our development and fully launch the marketing of our platform, demonstrating the benefits of reliable and executable data in the real estate sector to meet new market expectations,’ says Matthieu Merchadou, CEO of Magma.

Technological and geographical expansion

The fund-raising will also facilitate the integration of new advanced functionalities into our platform. These include the integration of our 3D viewer and the creation of digital assets for each building component.

With a planned presence in Europe, the US and the United Arab Emirates, Magma is well positioned to meet the growing need for more sustainable, transparent and efficient property management.

Acknowledgements and outlook

We would like to thank our investors for their confidence, as well as d&a Partners for their support throughout this process.

The arrival of this family office is a strategic step towards Magma’s international growth ambitions.

About Magma

Magma is a collaborative platform that links all the stakeholders in a property together, enabling them to share documents and data and to promote any positive contribution. It is based on a digital duplicate of the building in the form of a non-fungible token or Digital Twin Token (DTT®). It is an asset registered (minted) in the Vechain blockchain and compatible with the entire Ethereum EVM environment.

Our approach is primarily focused on sustainable development, with the creation of a unique and dynamic digital asset that tracks the building throughout its lifecycle, the issue of carbon credits, energy performance contracts and the recyclability of materials. This asset is shared by the building’s stakeholders and constitutes the building’s digital value. The DTT® is inseparable from it and represents its digital footprint, and its value will depend on the quality of the data stored in it.

Aware of the fundamental and systemic changes underway in the digital infrastructure of the financial markets and the real estate sector, we want to position Magma as a standard enabling a sustainable and global transition of the world’s leading asset class, real estate.