Berlin-based MYNE Homes raises €23.5M to make co-owning holiday homes easy

Berlin-based MYNE Homes, a co-ownership platform that allows users to invest in shared holiday homes, announced on Friday that it has raised €23.5M in a Seed round of funding. The funding comes just a year after the launch of its digital co-ownership platform.

The investment consists of debt and equity capital from Ramin Niroumand’s FinTech Fund, embedded/capital, HomeToGo founder Nils Regge’s family office, TruVenturo, Scope Hanson, Rivus Capital and CoastCap from Finanzcheck founder Moritz Thiele. 

Existing investors, including renowned business angels Hakan Koc (Auto1) and Christian Gaiser (numa stays), also participated in this round.

Capital utilisation

MYNE says the proceeds from this round will go toward the company’s continued growth, including the expansion of its technology and finance platform across Europe, the addition of co-owners from all over the continent, and a growing property portfolio in Italy and France.

MYNE co-founders Nikolaus Thomale and Fabian Lohmer say, “There is a growing interest in jointly owned holiday properties for owner-occupation and rental. Our digital all-in-one offer has been very positively received by the market. With this investment, we will further expand the digital platform for existing and future co-owners, open up new properties in attractive locations, and further expand our European market leadership.”

A digital co-ownership platform for holiday properties

Founded in 2021 by Fabian Loehmer, Nikolaus Thomale, Moritz Vossenberg, and Philipp W., MYNE helps customers acquire shares in high-quality holiday properties in popular holiday destinations. Minimum investments start from €50,000. 

The company also takes care of the furnishing, maintenance, and professional management of the property. A smart scheduling system ensures that all co-owners can use their property according to their personal preferences.

MYNE can also take over renting of the properties when not in use by the co-owners. Additionally, it also helps with the marketing and sales process for co-owners who wish to sell their shares in the property.

MYNE offers buyers to choose from a portfolio of over 30 high-quality holiday properties in sought-after destinations at home and abroad, including the Austrian Alps, Mallorca, and Portugal.

Currently, MYNE is available to customers in German, Austrian and Switzerland only. However, the company is planning to use its latest investment to open up the platform to users across Europe.