Failed 2024

    Habx (Acquired in Distress)

    Paris PropTech Habx raised €40M to digitalize new-build property pre-sales then filed for insolvency in 2024 as the French property market collapsed.

    Founded → Closed

    2016 → 2024

    Funding Raised

    $45M

    Industry

    PropTech/Real Estate

    Country

    France

    Full Analysis

    Paris-based Habx built configurator-based pre-sales tools for French residential developers. After raising €40M+ from Alven and Idinvest, the 2023-24 collapse of the French new-build property market — driven by rising interest rates — destroyed core demand. Habx filed for safeguard proceedings in 2024 and was acquired in distress. A representative French PropTech failure of the rate-hike cycle.

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