MYNE funding news – Berlin-based MYNE Secures €40Million in Series A Round Funding

With this funding round, the company—which sells shares of vacation homes in six European countries—significantly expands its market footprint. MYNE plans to use the money to grow its portfolio in current markets and advance the development of its finance platform and technology. Additionally, the business is expanding its offering to clients in the Benelux states and the UK by adding Croatia and Portugal as new locations.

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Existing investors Motive Ventures and Scope Hanson joined the investment round headed by Limestone Capital AG, a renowned private equity firm committed to investing and generating value in the experience economy. The co-ownership platform was established in 2021 and has since raised over 60 million in loan and equity financing. It currently oversees a large number of shares in vacation homes, numbering in the triple digits.

Nikolaus Thomale, Managing Director, commented: “The funding round we announced today will empower us to embark on our next phase of expansion and growth, as we enable even a higher number of people to own their own second home.” Fabian Löhmer, Managing Director, added: “We are delighted to have the strong trust of experienced partners such as Limestone Capital at our side and together we are making premium vacation homes an attractive asset class for retail investors being cautious about costs and resources.”

All throughout the world, the cost of real estate has been rising in prime locations, which makes it especially challenging for younger investors to buy good properties. Even with the high price tag, purchasing and owning a holiday property has been fraught with difficulties, such as the tax and legal barriers that arise while looking for homes overseas and the high overhead and vacancy costs.

With the help of MYNE's technologically advanced co-ownership platform, individuals may combine their funds and purchase upscale holiday properties, which simplifies and lowers the cost of ownership. In addition, more investors share in the advantages of ownership, like appreciation and rental income.

MYNE offers the chance to invest as little as 50,000 euros in equity to own shares in prestigious vacation villas in well-liked vacation spots. You can use the property for at least 6.5 weeks out of the year if you own a share. Co-owners can pay a monthly fee through the internet platform to have the properties managed for them on an ongoing basis, including furnishing, operating, and maintaining.

Every co-owner is guaranteed the freedom to utilise their property as they see fit thanks to an intelligent scheduling system. Co-owners who wish to sell their shares to another are also supported by MYNE.

About MYNE

MYNE Homes makes your dream vacation home affordable and stress-free thanks to managed co-ownership. The majority of holiday properties are only used by the owners for 8-10 weeks per year. Nevertheless, buyers still have to cover the entire purchase price and running costs on their own. That doesn't make any sense to us.