Iroko
Iroko is a Paris-based, AMF-regulated SCPI manager offering no-entry-fee real estate investment funds (Iroko Zen and Iroko Atlas) to French individual investors and wealth advisors, with predominantly European exposure.
- Company typePrivate
- Founded2020
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Iroko does
Iroko is a Paris-based, AMF-regulated SCPI (Société Civile de Placement Immobilier) management company that distributes paper real estate investment products to French individual investors and wealth advisors. Founded in 2019-2020 and operating as Iroko SAS, the company manages two core funds: Iroko Zen, a diversified European SCPI launched in 2020 targeting a 5.5% distribution rate and scaled to €1.54B across 28,000 investors; and Iroko Atlas, an international opportunistic SCPI launched in 2024 targeting a 7% TRI over 10 years and scaled to €135M as of November 2025. The firm's distinguishing features are a no-entry-fee model (stated to be 23-28% less expensive than the SCPI average over 10 years), an ISR-labeled ESG framework, and a predominantly non-French portfolio allocation (70%+ for Iroko Zen, 100% for Iroko Atlas) with assets deployed across Spain, the UK, the Netherlands, Germany, Italy, Poland, Portugal, Ireland, and Belgium.
Iroko firmographics
Firmographics- Name
- Iroko
- Legal name
- Iroko SAS
- Website
- https://iroko.eu
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Iroko is a Paris-based, AMF-regulated SCPI manager offering no-entry-fee real estate investment funds (Iroko Zen and Iroko Atlas) to French individual investors and wealth advisors, with predominantly European exposure.
- Ownership category
- akta.pro rank
Iroko industry classification
Industry- Product category
- Real Estate Investment Management (SCPI)
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate Investment Trusts (6798)
- akta.pro primary industry
- Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where Iroko is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Iroko business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- SCPI Management Fees: Iroko generates revenue through management fees charged on the assets under management across its SCPI products (Iroko Zen and Iroko Atlas). The company states it is primarily compensated for its management activities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Iroko Zen - European SCPI with target distribution rate of 5.5% |
| Subscription | Multi-year contract | Iroko Atlas - International opportunistic SCPI with target TRI of 7% over 10 years |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Iroko product offering
Product offeringCore offering
Iroko manages and distributes two SCPI (Société Civile de Placement Immobilier) real estate investment funds — Iroko Zen, a European diversified SCPI launched in 2020 with a target distribution rate of 5.5% and €1.54B in capitalization, and Iroko Atlas, an international opportunistic SCPI launched in 2024 with a target TRI of 7% over 10 years and €135M in capitalization. Both funds are sold with no entry fees and are available to individual investors directly via the Iroko digital platform or through wealth management advisors.
Product overview
Iroko offers two SCPI (Société Civile de Placement Immobilier) products for real estate investment: Iroko Zen (launched 2020) is a European-focused diversified SCPI with a target distribution rate of 5.5%, while Iroko Atlas is an international opportunistic SCPI targeting 7% TRI over 10 years. Both products emphasize transparent fee structures, ESG commitment, and access to European real estate markets without entry fees.
Differentiator
Problem solved
Functional benefit
Brands
- Iroko Zen: La SCPI européenne et résiliente depuis 2020 - A European SCPI fund focused on European markets with a target distribution rate exceeded for 4 consecutive years.
- Iroko Atlas
Products and services
- Iroko Zen A European SCPI (Société Civile de Placement Immobilier) launched in 2020, offering diversified real estate investment with a target distribution rate of 5.5%, over 70% of assets located outside France, ISR (Investissement Socialement Responsable) label, €1.54B capitalization from 28,000 investors, and no entry fees. Designed for individual investors seeking regular rental income and European real estate diversification.
- Iroko Atlas An international and opportunistic SCPI focused on investments exclusively outside France, with a target TRI (Internal Rate of Return) of 7% over 10 years, no entry fees, and €135M capitalization as of November 2025. Targeted at investors seeking international real estate diversification with capital appreciation potential.
Quantifiable outcome
- Iroko Zen has exceeded 7% annual global performance (PGA) for 5 consecutive years
- +4 more outcomes
Companies that use Iroko
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Iroko technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Iroko partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- CMS (Law Firm)minorCMS, an international law firm, advised Iroko Atlas SCPI on the acquisition of the Nowa Kamienica office building in Krakow, Poland. The team was led by Partner Dominik Rafalko and included Senior Associate Mateusz Rojek, Associates Michal Gruza and Magdalena Lech, Lawyer Damian Lewandowski, and Trainee Maria Klusek.
- DLP Duch Lisicki & PartnersminorDLP Duch Lisicki & Partners served as legal advisor to the sellers in the Nowa Kamienica office building transaction in Krakow, Poland.
- Iroko IberiacoreIroko Iberia supports Iroko's expansion into the Portuguese market, including the sale and leaseback transaction for a 4,968 m² industrial warehouse in Alcobaça's Casal da Areia industrial park at 8.45% yield.
- CA Consumer Finance (CACF/Sofinco/Finaref)minorIroko is registered with ORIAS as a non-exclusive agent for banking and payment services via CA CONSUMER FINANCE - CACF (SOFINCO-FINAREF). This registration enables Iroko to provide certain banking-related services to its clients.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Iroko competitors and assessment
Company assessmentDirect peers
- Corum AM: French SCPI manager (Corum Origin, Corum XL, Corum Eurion) targeting European and international real estate via open-ended SCPI vehicles for retail investors. Directly comparable to Iroko in product structure, target customer (advised French retail), and European diversification strategy.
- Sogenial Immobilier: Mid-sized French SCPI manager offering diversified open-ended SCPIs to retail investors via the CGP network. Direct competitor to Iroko in the digital-friendly, no-/low-fee end of the French SCPI market.
- Perial Asset Management: Long-established French SCPI manager offering diversified SCPIs (PF Grand Paris, PFO2, PF Hospi Grand Paris) to retail and advised investors via wealth advisors. Competes directly with Iroko for retail real-estate savings mandates through the same CGP distribution channel.
- Sofidy: French SCPI and real estate fund manager (Sofidy Europe Invest, Immorente) with broad retail and advised distribution. Similar product structure and CGP-led go-to-market to Iroko, with significantly larger AUM and longer track record.
- La Française Real Estate Managers (REM): Manages a sizeable family of French SCPIs (LF Europimmo, LF Avenir Santé, etc.) for retail and institutional clients. Competes with Iroko in the diversified European SCPI segment and benefits from a broader group brand.
- Primonial REIM (now Alderan / Primonial): Major French SCPI manager with diversified open-ended SCPIs (Primopierre, Patrimmo, etc.) distributed via the CGP channel. Comparable product mix, similar target investor base, and competing head-to-head for wealth advisor recommendations.
Emerging players
- Fundora (formerly Brickstarter): Digital-first French real estate investment platform offering fractional SCPI and club-deal products directly to retail. Comparable in targeting the same digital-native French retail investor that Iroko reaches through its direct platform, but with a more tech-led, lower-touch distribution model.
- Novaxia Investissement: French real estate investment manager known for thematic/innovation SCPIs (e.g., Novaxia Neo, focused on redevelopment). Comparable in addressing advised retail with differentiated SCPI products, but with a distinct value-add/redevelopment focus vs. Iroko's diversified core-plus strategy.
Broad incumbents
- Amundi Immobilier: Large institutional French real estate investment manager (part of Amundi / Crédit Agricole group) running SCPIs and OPCls alongside institutional mandates. Sets the pricing and scale benchmark in the market and competes for the same pool of advised retail capital via CGP and assurance-vie wrappers.
- BNP Paribas Real Estate Investment Management: Pan-European real estate investment manager with both institutional vehicles and French retail SCPI products. Relevant peer for benchmarking Iroko's international expansion ambitions (Atlas) and for institutional co-investment and capital-raising relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Iroko social profiles
Digital presenceIroko compliance and trust
Trust signalCompliance3 records
Iroko financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iroko leadership team
Management profileNumber of profiles
Profiles8 records
Iroko funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iroko M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iroko
What does Iroko do?
Iroko manages and distributes two SCPI (Société Civile de Placement Immobilier) real estate investment funds — Iroko Zen, a European diversified SCPI launched in 2020 with a target distribution rate of 5.5% and €1.54B in capitalization, and Iroko Atlas, an international opportunistic SCPI launched in 2024 with a target TRI of 7% over 10 years and €135M in capitalization. Both funds are sold with no entry fees and are available to individual investors directly via the Iroko digital platform or through wealth management advisors.
Is Iroko a public or private company?
Iroko is a private company. It is classified as venture growth investor backed and is currently operating.
When was Iroko founded?
Iroko was founded in 2020. It employs 11 to 50 people.
Where is Iroko based?
Iroko is headquartered in Paris, France, in the Europe region.
How does Iroko make money?
One revenue line is on record: SCPI Management Fees.
Who are Iroko's main competitors?
Direct peers on record are Corum AM, Sogenial Immobilier, Perial Asset Management, Sofidy, La Française Real Estate Managers (REM) and Primonial REIM (now Alderan / Primonial). Emerging players are Fundora (formerly Brickstarter) and Novaxia Investissement. Broad incumbents are Amundi Immobilier and BNP Paribas Real Estate Investment Management.
Does Iroko have an API?
No public API is recorded for Iroko.
What industry is Iroko in?
Iroko's product category is Real Estate Investment Management (SCPI). Its primary akta.pro industry code is BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing). Its NAICS code is 523940 and its SIC code is 6531.