Move & Rent raises €1.8M to accelerate its growth and international development
Nantes, 26th January 2021,
Move & Rent, specialist in short-term rentals of new furniture with a turnkey service, has raised €1.8M in funding. Funds are being provided by the Fair/e Parisian family office, the Pays de la Loire Participations regional funds (advised by Siparex), Atlantic Vendée Innovation (Crédit Agricole Atlantique Vendée), Actantiel Développement and its banking partners.
Founded in 2012, Move & Rent offers a complete rental service for new furniture that includes delivery, assembly, set up and return of products.
At the end of the rental period, Move & Rent organizes a second life for the products; a true actor in the circular economy system!
In this manner, furniture-as-a-service replaces ownership for both professional businesses and private individuals.
Today, the company is in full growth and is increasingly well known. Located in Saint-Nazaire, Move & Rent operates throughout France and counts around fifteen employees and associates. Move & Rent provides services to real estate agents, social housing landlords, rental management companies, students, employees on out-of-town missions etc. anyone looking for a short or medium-term eco-responsible furniture rental solution.
With this capital, Move & Rent aims to accelerate growth in order to ensure its position as leader in France. The capital raised will also enable the deployment of services in the Netherlands with IKEA as forefront partner. Move & Rent will provide services via the stores of the Swedish brand as early as March 2021.
« From day one of Move & Rent, we have been committed to developing turnkey solutions for use rather than ownership by resolving issues associated with furnishing homes, accommodation or workspaces while at the same time ensuring an ethical model where the furniture is reused. Large short or medium-term projects such as the furnishing of accommodation for workers of “Grand Paris Express”, the Paris 2024 Olympic games, or important partnerships such as Nexity have allowed us to pass a business and industrial milestone. This financing round will also enable us to respond rapidly to requests from other European countries. » explained Stéphane Darcel and Stéphanie Soret, co- founders of Move & Rent.
« We were impressed as soon as we met Stéphanie and Stéphane in 2017, by both the innovative concept of Move & Rent and by the quality of their team, their dynamic attitude and their ambitions. We are proud to have written a new page to the growing presence of Move & Rent with the arrival of new financial backers. And we are delighted to continue this journey with new investors who share our values and goals with the aim of becoming the leading platform in mobility solutions in Europe. » says Rémi Gammal, President of Move & Rent.
« We are extremely pleased to see this round of funding take place. In these difficult times, the founders of Move & Rent have found promising drivers for growth via a model of circular economy. Through their dedication and passion, they are now able to confirm their high quality positioning and open doors to the growing European market. » affirms Quintin Chancereul, investment director at Siparex for Pays de la Loire Participations.
« Move & Rent is amongst the French pioneers that have been brought into the spotlight by environmental and health issues. Move & Rent is a company that combines a sense of responsibility and a circular economy with a well-planned and well-executed business model. This is a model that our clients, committed entrepreneurs and investors, are increasingly seeking. » say Julien Magitteri and Charles Brunswick, co-founder and private equity advisor, respectively, of Family Office Fair/e.
List of stakeholders
Company: Move & Rent
Investors: Fair/e (Charles Brunswick); Pays de la Loire Participations (Quentin Chancereul); Atlantique Vendée Innovation (Véronique Hamel); Actantiel Développement (Fabrice Chesneau) Investment advice: 1897 Avocats (Clémence Baron, Justine Sorin)
Due diligences: BDO Nantes (Corinne Guibert)
Corporate advice: Kurzaj & Modicom (Cyril Modicom), TGS Avocats (Jérôme Peron)
About Move & Rent
Founded in 2012 by Stéphane Darcel and Stéphanie Soret under the name “Location pour étudiants” (student rental) with a service dedicated to student mobility, the concept evolved and Move & Rent was born at the end of 2015. Initially financed by its founders, Move & Rent really took off at the end of 2017 with a first round of funding raised from 2 experienced entrepreneurs, Rémi Gammal and François Lévêque. Move & Rent provides a turnkey service that includes furniture orders, assembly, delivery, post- sales-service as well as the return and the reuse of furniture at the end of the rental period. https://www.moveandrent.com/
Fair/e is a family office with the spirit of a start-up and has offices in Paris, Lyon and Marseille. Fair/e works primarily with entrepreneurs who have wider ambitions than just the management of their estates. In addition to a highly developed private equity activity, Fair/e proposes, in partnership with the Intuitae Family Office, numerous real estate or financial club deals for its clients providing them with international and European opportunities that would otherwise be out of reach. Practicing responsible finance, Fair/e's remuneration model is transparent and flat-rate, so as to avoid any conflict of interest. Initiator of the first Leaders League positive finance award, Fair/e is also member of the movement for a positive economy.
For further details, see https://faire.paris or contact Clémence Anger (email@example.com).
About Pays de la Loire Participations
Pays de la Loire Participations, co-investment funds of the Pays de la Loire region, supports VSEs and SMEs located in the Pays de la Loire with equity and quasi-equity financing of between €100K and €500K alongside private professional investors. Today, Pays de la Loire Participations contributes to the capital of approximately sixty companies in the Pays de la Loire. The management of this fund is advised by the private equity group, SIPAREX with a dedicated team in Nantes. http://plp-participations.fr/co-investissement/
About Atlantic Vendée Innovation
Founded in January, 2019 by the Crédit Agricole Atlantique Vendée, Atlantic Vendée Innovation investment provides financial support for local innovative companies who are seeking to raise capital. With €5M, it provides seed and early-stage funding for startups with projects for product, service or technological innovation and design thinking in all sectors of activity. Atlantique Vendée Innovation complements the Credit Agricole startup incubator program “Village by CA” and banking solutions proposed by the regional agency of the Crédit Agricole Atlantique Vendée.
About Actantiel Développement
Actantiel Développement was founded by two entrepreneurs from Nantes, with experience in new technologies and business mentoring in order to help entrepreneurs from Brittany and the “Pays de la Loire” region to develop projects addressing social and environmental issues.
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