Myne, a Berlin, Germany-based startup which allows users to invest in shared holiday homes, raised €23M in Seed funding.
- Ramin Niroumand’s FinTech Fund,
- HomeToGo founder Nils Regge’s family office, TruVenturo,
- Scope Hanson,
- Rivus Capital and
- CoastCap from Finanzcheck founder Moritz Thiele.
The company intends to use the funds to open up the platform to users across Europe, further develop the business including the European expansion of its technology and financing platform, as well as growing property offering to Italy and France.
Co-founded by Nikolaus Thomale and Fabian Löhmer, Myne provides a mode to purchase shares in a high-quality, individual holiday property in popular holiday destinations, with minimum investments starting from €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 company 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.