Raphaël Di Meglio is the CEO of Matera, which he started on 17 January 2017 as illiCopro with Victor Prigent and Jérémy Krebs. The aim was to let owners run their own building through a cooperative syndic, with paid experts for accounting and law.
In January 2019 the company raised €1.5 million. In January 2020 it raised €10 million from Index Ventures and Samaipata, changed its name to Matera and counted more than 800 buildings and 25,000 co-owners.
In March 2020 the Merci Syndic campaign mocked traditional property managers, and trade bodies took Matera to court. A January 2022 ruling found disparagement and set damages at €70,000. In March 2024 the appeal court upheld that finding but cleared the model and reduced the damages by €40,000. In September 2026 the Cour de cassation backed the cooperative model.
Revenue reached €11.5 million in 2023 with a net loss of €7.7 million, then €15.7 million in 2024 with a net loss of €1.16 million. Matera added a rental management offer in 2023 and a traditional syndic offer in 2024.