⦁ Lillo was founded to become the No. 1 in Europe for fractional ownership of houses
⦁ Lilo is making global real estate shares interactive and collectible, aimed at the creative class and young professionals
⦁ Shortly after launch, the start-up announced a capital increase from leading VCs and angel investors in Europe and the United States
Lilo is a fractional ownership platform that allows members to enjoy an enriched mobile lifestyle by collecting shares in the global real estate industry. Founded by Emily Chan and Christopher Lass in April 2022, the eight-member London-based team is working on purchasing high-end residential properties in desirable locations around the world, with the property split into up to 8 hamlets .
Three months after founding, the duo announced the successful closure of their € 3 million pre-seed funding round led by 468 Capital, followed by Presight Capital and select investors.
Fabian Hansen, General Partner of Presight Capital, says: “The new generation of working professionals and creatives strive to adopt a flexible lifestyle, but they also remain diligent in raising a wide range of investments. The stability of the property makes it indispensable for any well-balanced portfolio. What we love about Lilo is that it combines the best of both worlds – we are absolutely thrilled to be a part of this journey. “
Lilo will offer its community exclusive access to carefully curated properties in top European cities such as Barcelona, London, Amsterdam, Stockholm and Berlin. Lilo’s platform will allow members to assemble a globalized property portfolio while benefiting from a lower mental and monetary burden than traditional property ownership.
Emily Chan, co-founder of Lilo, says, “The real estate industry needs to be reinvented to better fit our increasingly versatile way of life. We are creating a new asset class to achieve just that: raising stocks in our properties gives our members access to the world’s most desirable cities, aided by our in-house sourcing and valuation experience. “
The funding will be used to expand the team and make the initial property purchases. Christopher Lass is looking forward: “Seeing people join our waiting list has demonstrated the strong demand for this new investment and experience asset class. We are so excited to release our first fractional properties in the coming months.”
If you are interested in more information or an interview with the founders, please email us at [email protected]
Lilo Homes Secures £ 2.55m Pre-Seed Investment Led by 468 Capital – UK Technology Investment News
Source link Lilo Homes Secures £ 2.55m Pre-Seed Investment Led by 468 Capital – UK Technology Investment News