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Sextant raises €5 million to continue its strong growth

Posted by Michel on January 29, 2022

Sextant, supported by Clearwater International, announces its first round of financing of €5 million from Inter Invest Capital. This round of financing aims to rapidly increase its geographical coverage, strengthen its technology and develop its service offering. 

Founded in 2013, Sextant specializes in transactions involving older homes. The network, which is expected to grow by more than 50% by 2021, currently has more than 300 affiliated advisors throughout France, who carried out more than 1,000 transactions last year.

Its success is mainly based on a network built over the years around real estate professionals, agents or experienced advisors, offering an optimal quality of service throughout France. Since 2018, the network has welcomed candidates undergoing professional retraining in the best possible training and sponsorship conditions. Sextant has also strengthened its system with its innovative “Success Management” program, which provides customized coaching to new recruits to guide them through their first transactions. As a result, the network has one of the best sales rates per advisor and maximum customer satisfaction. 

Another strong point is that Sextant has an international base, historically developed in London. 15% of potential buyers are foreign and Sextant has once again won the “Best French agency” prize at the European Property Awards Rolls-Royce 2022 for the 6th consecutive year.

Thanks to the 5 million euros raised, Sextant wishes to accelerate in all areas. It aims to raise its profile, develop its presence in major French cities, support its agents in developing their local teams and consolidate its premium positioning by focusing more than ever on the digital experience. In addition, the network will take advantage of its new liquidity to diversify its activities. The support of rental investors in their purchase projects, which already represents 30% of the turnover, will be one of the reinforced activities. This is a logical strategic choice for Sextant when you consider that the share of rental investors in total transactions in France has doubled between 2015 and 2021. 

Sextant is determined to play a leading role in the ecosystem of real estate agent networks, and relies on solid partners. In December 2021, its managers took part in a meeting with the French Minister of Housing, organized by the Maison des Mandataires, a privileged partner of the group, to promote the profession to the government.

“For Sextant, this operation is both a symbol of the success we have achieved over the past 10 years, which we owe mainly to the performance of our consultants, and the marker of a new stage that we are approaching with great enthusiasm. The collaboration with the Inter Invest Capital teams in this operation was immediately fluid and constructive, and we are delighted to count them among our shareholders.  Their minority stake in Sextant comes at a key moment in our development, and gives us the freedom to accelerate the deployment of an ambitious strategic plan, in close collaboration with all our advisors,” said Brice Bonato, co-founder of the network.

“The emergence of the Internet as a marketplace has shaken up the traditional role of real estate agencies and in just a few years the network model has become the most relevant thanks to better remuneration of consultants, a light fixed cost structure and rapid integration of technological tools. We believe this trend will continue in the coming years. We are therefore delighted to be joining Sextant, which has won us over with its ability to manage ambitious projects while maintaining a good level of profitability,” adds Julien Hugot, partner at Inter Invest Capital. 

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