Virgil, a Paris, France-based property company, raised €2.1m in funding.
Backers included Alven Capital, LocalGlobe, Kima Ventures and business angels Greg Marsh and Demetrios Zoppos (founders of onefinestay), Oleg Tscheltzoff (serial entrepreneur, founder and CEO of Fotolia), Thibaud Elzière (serial entrepreneur, at the head of eFounders), Augusta (Patrick Sayer).
The company intends to use the funds to continue to expand operations.
Co-founded by Keyvan Nilforoushan and Saskia Fiszel, Virgil invests equity alongside young professionals so they can acquire their home and start building up their net worth. It provides young professionals the necessary deposit to buy an apartment. Virgil can provide up to 100 k€ per transaction. For a 10% contribution, Virgil will own 15% of the apartment. The acquirer can sell their apartment at any time, or buy back Virgil’s share after ten years from the date of purchase.
The team has also launched Spoune, a media for the company’s community, tackling with each issue a different finance-related question, giving professionals the tools they need to widen their options in life.