Altacasa raises €2M in pre-seed funding, wants to make owning second homes easy

Altacasa, a Europe-based proptech startup that wants to make owning second homes easy in hotspots across the continent, has secured €2M in pre-seed capital from angel investors. 

The startup will use the raised capital to expand its bespoke platform, find high-quality properties, and hire more people in their London and Paris offices.

To source good homes, Altacasa will work closely with real estate agents such as Savills, Barnes International and Emile Garcin in its target areas.. The company will also continue to collaborate with existing agents for a hassle free process.

The company will concentrate on prime residences in hotspots such as Cornwall in the United Kingdom, Provence and the Alps in France, and the Costa Del Sol in Spain.

What Does Altcasa Do?

Founded in 2021 by Romain Saint Guilhem, Altacasa lets customers buy a part in a limited company that owns the entire property, letting them afford a higher-quality home. For further ease, stamp duty is distributed between the owners and packaged with the property price.

People can buy a sixth or more share in a home through Altacasa. Owners will then be able to utilise the house for at least two months of the year, depending on the size of the share. Altacasa will take care of all management, scheduling, maintenance, and cleaning.

Altacasa plans to find its owners high-quality houses, while concentrating on those that have been recently refurbished. The company will also install features such as cutting-edge home automation and collaborate with interior designers to make the houses more amenable to their buyers’ needs.

Second Home Ownership 

Altacasa claims that potential owners will be matched based on their situations and nations – for example, a retired couple, a family with school-aged children, and single professionals – so that the property can’t be accessed by all the shareholders at the same time.

It’s bespoke platform Altacasa Time will be on standby to manage the booking schedule for each home. Owners will be asked to pay Altacasa a monthly membership in exchange for the company handling everything linked to the home, including booking, cleaning and management of each property.

Romain Saint Guilhem, who is also the CEO of Altacasa, says, “I’ve always wanted to do something that merged my passion for technology, finance and real estate and Altacasa is the result. We want to make it easier, more affordable and smarter for people to enjoy all the benefits of a second home, without the hassle of maintenance or having to deal with inflexible and restrictive timeshares which depreciate in value over time.” 

“Our proprietary Altacasa Time algorithm takes care of all the scheduling, whilst our management platform further enhances the experience by handling everything else so you can enjoy your second home to the fullest. Europe is the most sought-after second home market in the world and we’re excited to make this dream a reality for many and reinvent the experience thanks to technology,” he added.