Kocomo Raised $56M in Funding

Kocomo, a Mexico City-based proptech startup, raised US$56M in debt and equity funding.

The round was led by AllVP and Vine Ventures with participation from Picus Capital, Fontes – QED, FJ Labs, Clocktower Technology Ventures, and JAWS (the family office of Starwood Capital Group Chairman Barry Sternlicht), Florian Hagenbuch – Founder & Co-CEO, and Mate Pencz – Founder & Co-CEO, of Loft, Oskar Hjertonsson of Cornershop, Carlos Garcia of Kavak, and Sergio Furio of Creditas, while the debt investment was financed by Architect Capital.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Martin Schrimpff, co-founder and CEO, Tom Baldwin, co-founder and CFO, and Graciela Arango, co-founder and CPO, Kocomo leverages technology to create a transparent marketplace that allows people to purchase, own, and sell co-ownership interests in luxury homes through its vertically-integrated platform, starting in Mexico.