Madrid-based Vivla has raised 27 million euros ($29.7 million), becoming the highest-funded home ownership startup in Europe. The fresh funding was led by Samaipata, the European fund, with participation from New York-based FJ Labs, United Kingdom FinTech hedge fund Fasanara, Accel and Extension Fund. In addition, there were a handful of angels including César Azpilicueta, the right- and center-back for the Premier League soccer club Chelsea, several Airbnb employees such as Kintxo Cortés, key players in the FinTech sector including Nathalie Picquot, and CEOs from Spotahome, Ironhack, ThePowerMBA, Constella, Ticketea, Tiko, Ukio and Smartick.
In southern Europe, 18 million homes are occupied only 15% of the time, while millions of Europeans are seeking homes for long term stays. Fractional homeownership could be the perfect solution for them. The trend has seen with massive growth, appealing to a new generation of homeowners. Fractional home ownership is a new category of real estate that is set to transform the second home sector.