Eldo investment from SofiOuest, Grand Sud-Ouest Capital, l'IRDI & M Capital

Toulouse-based startup Eldo raises 6 million euros to become a leader in Europe

After an initial fundraising of 3 million euros in 2019, Eldo is accelerating with a new round of financing. The ambition is to extend the digital platform that references construction companies through consumer reviews to border countries in Europe.

Toulouse-based start-up Eldo has just completed a new round of financing worth €6 million, following €3 million raised in 2019. This round of financing was carried out with several investors: Sofiouest, Grand Sud-Ouest Capital, IRDI and M Capital as well as industrial clients (WECK Group and Unikalo). With more than 100,000 reviews and photos, Eldo has become the leader in customer reviews in the construction industry in France.

Formerly known as EldoTravo.fr, the start-up has created the "Eldo.com" marketplace where individuals can identify construction professionals (craftsmen, companies, etc.) thanks to the reviews and photos of their neighbors. Eldo supports more than 2,500 professionals and sixty home improvement brands in their digitalization and their relationship with their customers. With this round of financing, Eldo (55 employees) wants to develop its digital platform and expand in Europe in neighboring countries in order to become a leader.