Rivage Secures €1.5 Million to Boost AI Rental Management Software
Rivage, a proptech startup based in Paris, has successfully raised €1.5 million in funding from Kima Ventures and several angel investors. This investment will support the development of their AI-driven rental management software designed for French real estate agencies, focusing on seamless integration with existing systems.
Since beginning its sales journey just a few months ago, Rivage has already garnered hundreds of clients and achieved an annual recurring revenue of €200,000. The ambitious team aims to elevate this figure to €5 million by 2027, marking a significant growth target.
Notably, Rivage acknowledges the differences in rental accounting regulations between France, Eastern Europe, and countries like the US and UK, which pose challenges for American software firms. Following the initial successes, the company plans to expand into Germany and other European markets in the near future.
Founded in 2025 by CEO Alex Chauvin, COO Antoine Barranco, and CTPO Grégory Prève, Rivage specializes in developing property management software tailored for French rental agencies. Their platform automates various processes, including billing, service charge calls, bank reconciliations, and communication with clients. It also offers a fully open API, enabling agencies to customize their workflows with tools like Claude or ChatGPT.
One of the major advantages of Rivage’s technology is its ability to automatically log documents, reducing the need for manual data entry across multiple systems. This innovation allows staff to focus on checks rather than repetitive data handling.
Rivage’s Competitive Edge
Just months into selling its product, Rivage has partnered with numerous agencies and plans to grow its team from 11 to about 35 by the end of 2027. Achieving a revenue target of €5 million from €200,000 during that time is an ambitious goal, but Chauvin believes the new funding will help accelerate their growth.
“The objective is to strengthen our competitive edge in France, so while we didn’t strictly need to raise funds, it provides a good opportunity,” Chauvin explained.
Rivage faces competition from firms like Manda, which emerged from the merger of Flatlooker and Hello Syndic in 2024 and serves around 40,000 clients. Another rival, Oqoro, has raised $7.3 million since 2019 and manages 8,000 rental units, marketing itself as a cost-effective, fully digital alternative to traditional agencies.
What sets Rivage apart is its commitment to not just integrating but enhancing existing tools with an open API and advanced AI features, a combination that its competitors lack. The company intends to solidify its foothold in France before moving into Germany and broader European markets by 2030.
The Financial Backing Behind Rivage
Kima Ventures, a prominent Paris-based investment fund, led the recent funding round. The fund has a diverse portfolio, including prominent names like PayFit and Sorare. Notable individual investors also supported the initiative, with contributions from Nicolas Goyet, founder of Flatlooker, as well as several others with expertise in the industry.
Chauvin expressed that the decision to collaborate with operator-angels rather than venture capital firms was strategic, emphasizing the unique technical and accounting skills that de Metz brings to the table.
“I believe in the potential of this team, and their product is already setting a higher standard compared to competitors,” Goyet commented, highlighting Rivage’s innovative approach to real estate management.
The new funds will primarily be allocated for product development, expanding the team in France, and increasing brand visibility through strategic marketing efforts.
Market Potential
According to Bpifrance, there are almost 200 proptech companies in France, collectively employing around 3,500 individuals. The real estate sector constitutes about 10.8% of France’s GDP. Rivage estimates the value of the French real estate software market at €2.6 billion, though this figure remains unverified.
Chauvin anticipates a shift in the role of rental agencies from reactive property management to proactive advisory services. He believes this transformation will gain momentum after 2027.
The real challenge for Rivage lies in scaling its revenue from €200,000 to €5 million while navigating a competitive landscape featuring strong players like Manda and Oqoro. The coming years will determine the startup’s success more than any regulatory advantages it may hold.
