Drooms drives international digitisation of the real estate industry with investment in French PropTech firm Bazimo

14. March 2022

Drooms invests in French PropTech company – its second investment within the industry in the last six months and enables document management and data evaluation from a single source.

London, 14th of March 2022Drooms, Europe's leading provider of digital platforms for real estate assets, has invested in the French PropTech firm Bazimo. Founded in 2016 and based in Paris and Montpellier, Bazimo develops innovative financial analysis and forecasting tools for the real estate industry. This is Drooms' second corporate investment within the last six months, following the purchase of German PropTech firm DocEstate, which recently won the German “Immobilienmanager Award” in the category "Digitisation".

With this deal, Drooms is continuing to drive digitisation in the real estate industry at an international level and is effectively linking the processes involved in lifecycle asset management. For the first time, Drooms' centralised and structured asset documentation will be complemented by the evaluation of relevant data through Bazimo's services. The French company's software analyses information about an asset using a combination of a complex operating system and analysis modules. These modules range from technical management and tenant management to ancillary cost management.

When implementing ESG guidelines, consolidated and meaningful data is essential for the market. Drooms enables a complete database with its digital platform and Bazimo creates corresponding dashboards for the analysis of, among other things, ESG criteria from the filtered data with its software solution. This provides the user with information on where there is a lack of information and which data ultimately impacts the rating of a building.*

Alexandre Grellier, CEO and co-founder of Drooms, says: "The digitisation of the real estate industry and innovation are what have always driven Drooms. We know the industry and the needs of our users. When we see new solutions on the market that add a lot of value to the sector, we want to support them. With Bazimo we have found that and together we can now unleash valuable synergies and offer our users diversified services from document management to data analysis."

Chloé Rayssac, CEO and founder of Bazimo, adds: "The collaboration with Drooms will expand the offerings on both sides. We provide the real estate industry with transparent and meaningful information about their assets for reporting and property valuation, whilst also taking into account the integration of the increasingly important ESG criteria. We are delighted to have found a strong and experienced partner in Drooms with whom we can take the sector to the next level."

* The Bazimo platform is currently only available in French; an English version is planned.

About Drooms

Drooms, Europe’s leading provider of virtual data rooms, grants companies controlled access to confidential corporate data across company boundaries and specialises in customised solutions across the entire value-added chain. In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via Drooms TRANSACTION, Drooms PORTFOLIO maps all stages across the entire Lifecycle Asset Management process on a single platform. Currently, more than 25,000 companies across the world use Drooms, including leading global real estate companies, consultancy firms, law firms and corporations such as the METRO GROUP, Evonik, JLL, JP Morgan, CBRE, Rewe and UBS. The software specialists have concluded over 15,000 complex transactions with a total volume of more than EUR 500 billion.