● Rising prices and inflation has led to demand increasing for co-owned holiday properties
● Seed round sees embedded/capital, TruVenturo, Scope Hanson, Rivus Capital and CoastCap join existing prominent investors
Berlin, 08 July 2022 – As inflation rates and real estate prices soar, the prospect of co-owning holiday properties is becoming increasingly attractive. Berlin-based start-up MYNE, which allows users to invest in shared holiday homes, has reflected this growing trend with a seed funding round of €23.5 million, only a year after the launch of the digital co-ownership platform.
The €23.5 million injection consists of debt and equity capital among others from Ramin Niroumand’s FinTech Fund, embedded/capital, HomeToGo founder Nils Regge’s family office, TruVenturo, Scope Hanson, Rivus Capital and CoastCap from Finanzcheck founder Moritz Thiele. They join existing investors including renowned business angels such as Hakan Koç (Auto1) and Christian Gaiser (numa stays).
Michael Hock, General Partner at embedded/capital, comments: “In an exceedingly fragmented market with diverse stakeholders, technology is critical to successful cross-border property investment. This is where MYNE Homes is building a unique platform, which we are proud to back as part of this round.“
Victor Schlenkhoff, Managing Director at Scope Hanson, comments: “MYNE has created a disruptive and very successful business model that enables more people to own real estate – we want to be part of this development.”
MYNE Co-Founders Nikolaus Thomale and Fabian Löhmer sum up the first 12 months: “There is a growing interest in jointly owned holiday properties for owner-occupation and rental. Our digital all-in-one offer has been very positively received by the market. With this investment, we will further expand the digital platform for existing and future co-owners, open up new properties in attractive locations, and further expand our European market leadership.”
With MYNE, customers can acquire shares in high-quality holiday properties in popular holiday destinations, with minimum investments starting from €50,000. MYNE also takes care of the furnishing, maintenance, and professional management of the property. If needed, MYNE can take over renting of the properties when not in use by the co-owners. Additionally, MYNE helps with the marketing and sales process for co-owners who wish to sell their shares in the property.
Until now, buying and maintaining a holiday property abroad has been a complex process – from finding and inspecting the property, to the complex linguistic, tax, and legal hurdles, and the difficult financial and management aspects of the purchase.
With MYNE, interested buyers can choose from a portfolio of over 30 high-quality holiday properties in sought-after destinations at home and abroad – including the Austrian Alps, Mallorca and Portugal. Additionally, MYNE is soon-to-add high-quality properties in popular holiday regions across Italy and France.
MYNE is currently available to German, Austrian and Swiss customers only but is planning to use its latest investment to open up the platform to users across Europe.
Founded in 2021, the co-ownership platform MYNE presents the opportunity to purchase shares in a high-quality, individual holiday property in popular holiday destinations. Via the digital platform, co-owners can have the properties managed on an ongoing basis for a monthly fee – from furnishing, to operation, to maintenance. A smart scheduling system ensures that all co-owners can use their property according to their personal preferences. The Berlin-based company currently has 25 employees.
Press contact: Ed Strang firstname.lastname@example.org, www.myne-homes.de