# SweepBright NV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sweepbright

- Industry: Real Estate Development & Operating Companies
- Headquarters: Antwerp, Belgium
- Website: www.sweepbright.com
- Total disclosed funding: $4.2M
- Latest round: Series A (Oct 11, 2018)
- Investors on record: 3

## About

SweepBright NV provides a mobile real estate Customer Relationship Management (CRM) platform that streamlines operations for real estate agencies and agent networks in Belgium and France.Founded in 2016 in Antwerp, Belgium, SweepBright NV specializes in mobile CRM solutions for real estate professionals. The company was co-founded by Raphael Bochner and Yoram Speaker and is currently led by CEO Valérie Touraine. SweepBright has raised EUR 2.1 million in funding, with its latest investment round completed in December 2020, involving new and returning investors such as Anaxago Capital, Matexi, Quaeroq CVBA, and Volta Ventures.SweepBright's primary offering is a mobile real estate Customer Relationship Management (CRM) platform designed to enhance efficiency for real estate agencies and agent networks specifically in France and Belgium. The platform centralizes task management and automates various processes, enabling real estate advisors to seamlessly capture mandates, manage transactions, and advertise properties from their smartphones. The innovative CRM allows for real-time information sharing by integrating with numerous business tools and applications, eliminating redundant data entry and thus saving valuable time for agents. Clients using SweepBright range from small agencies to larger networks, all seeking to streamline their operations, improve productivity, and deliver a personalized customer experience. The product was released to cater to the increasing complexity and repetitiveness faced by real estate professionals, ensuring that agents can focus on high-value tasks rather than administrative duties.SweepBright operates primarily on a subscription-based revenue model, where real estate agencies pay for access to the CRM solutions based on their specific needs and team sizes. The company’s revenue is generated through various pricing plans tailored to different agency sizes and operational requirements, allowing clients to choose options that best fit their business objectives. These plans typically encompass a range of features, including task automation and mobile accessibility, which contribute to enhanced agent productivity. Transactions are conducted directly between SweepBright and its clients, ensuring a streamlined onboarding process and ongoing support. Given the critical nature of real estate transactions, the effectiveness of SweepBright's offerings translates into meaningful time savings for agents, thereby fostering client loyalty and potentially increasing the number of transactions handled by each agency. The company's EBITDA for the most recent year, 2023, is EUR -340,106.80.Following its most recent deal in December 2020, where SweepBright raised EUR 2.1 million, the company aims to further enhance its platform by developing additional features and expanding its market presence. There are plans to introduce new products that cater to evolving market needs, with specific timelines anticipated for launches yet to be announced. In addition, SweepBright is focused on expanding its operations beyond France and Belgium, targeting strategic markets in Europe to capture a larger share of the real estate technology sector. The funding raised will be allocated towards product development and expanding the company’s reach in these new geographic regions.

## Funding rounds

- Series A, Oct 11, 2018, $2.6M — Volta Ventures, Quaeroq CVBA, Cennini Holding
- Seed, Apr 5, 2017, $1.6M — Volta Ventures

## Investors

- Volta Ventures (https://capitalatlas.ai/funds/volta-ventures) — Seed, Series A
- Quaeroq CVBA — Series A
- Cennini Holding — Series A