European co-ownership pioneer for luxury vacation homes MYNE has raised €40 mln in a Series A funding round.
The investment, the largest so far in the European prop-tech sector this year, will fuel the company’s growth and expansion plans.
With a portfolio spanning six countries, the company plans to leverage the new funds to enhance its technology and financing infrastructure, broaden its property offerings in existing markets, and enter new territories such as Croatia and Portugal. Additionally, MYNE aims to extend its services to customers in the Benelux region and the UK.
The funding round was spearheaded by hospitality and real-estate-focused private equity firm Limestone Capital, with participation from existing investors Motive Ventures and Scope Hanson. Since its inception in 2021, MYNE has amassed over €60 mln in equity and debt financing and currently oversees a substantial number of shared luxury vacation properties.
Nikolaus Thomale, managing director MYNE, said: ‘The funding round we announced today will empower us to embark on our next phase of expansion and growth, as we enable even a higher number of people to own their own second home.’
Fabian Löhmer, managing director MYNE, commented: ‘We are delighted to have the strong trust of experienced partners such as Limestone Capital at our side and together we are making premium vacation homes an attractive asset class for retail investors being cautious about costs and resources.’
Benjamin Habbel, CEO Limestone Capital, said: ‘We are thrilled to lead this significant investment in MYNE. Their innovative approach to co-ownership is transforming the vacation home market, making premium property ownership accessible to a broader audience. We are confident that MYNE's strong leadership, and unique offering will drive continued growth and success in the European proptech sector.’
Michael Hock, partner Motive Ventures, added: ‘It is impressive to see what the MYNE team has achieved under the leadership of the two founders since our first investment in 2022 - despite difficult market conditions. We are very proud to see MYNE as the undisputed market leader in Europe and that our investment thesis of opening up this attractive asset class to a wider range of private investors has paid off.’
By pooling resources, MYNE’s technology-driven platform enables individuals to invest in premium properties, making ownership more accessible and affordable. Multiple investors share the benefits, including rental income and property appreciation. MYNE provides shares in sought-after holiday destinations starting at €50,000, granting owners at least 6.5 weeks of annual usage.
