Myne, a Berlin, Germany-based managed co-ownership provider for premium vacation homes, closed its €40m Series A funding round in equity and debt financing.
The round was led by hospitality and real estate-focused private equity firm Limestone Capital with participation from existing investors such as Motive Ventures and Scope Hanson.
The company will use the funds to further develop its technology and financing platform and expand its portfolio in existing markets. Moreover, Myne is entering new destinations with Croatia and Portugal and aims to expand its offering to customers in the Benelux countries and the UK.
Founded in 2021 Led by and led by Nikolaus Thomale, and Fabian Löhmer, Myne is a managed co-ownership provider for premium vacation homes, which presents the opportunity to purchase shares in a high-quality, individual holiday property in holiday destinations, starting from an equity investment of €50k. 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 offering includes properties in Germany, Austria, Italy, Spain, France, Sweden and Croatia. The company, which has raised a total of over €60m in equity and debt capital to date, currently has 40 employees.
FinSMEs
01/08/2024