Berlin-based MYNE Completes €40m Series A Funding

This has been the largest financing round in the European PropTech sector to date in 2024

MYNE, one of Europe’s leading managed co-ownership providers for premium vacation homes, announced the completion of its €40 million Series A funding round in equity and debt financing. The investment round led by Limestone Capital AG, a leading private equity firm dedicated to investing and creating value in the experience economy, was joined by existing investors such as Motive Ventures and Scope Hanson.

The round, which is the largest financing round in the European PropTech sector to date in 2024, was completed only one year after the acquisition of MYNEs direct competitor VillaCircle. MYNE will use the funds to further develop its technology and financing platform and expand its portfolio in existing markets. Moreover, the company is entering new destinations with Croatia and Portugal and aims to expand its offering to customers in the Benelux countries and the UK.

The Berlin-based company, which offers shares of holiday properties in six European countries, is significantly strengthening its market presence with this financing round. Since its foundation in 2021, the co-ownership platform has raised over 60 million in equity and debt capital and now manages a high three-digit number of shares in holiday 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, “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.”

Property prices in well-located areas across the globe have been on the rise, making it particularly difficult for a younger generation of investors to purchase high-quality properties. Despite the costs, buying and owning a vacation home has been associated with plenty of challenges, including tax and legal hurdles involved in searching properties abroad as well as high vacancy and overhead costs. The current economic conditions with high interest rates, inflation and significantly increased maintenance costs make buying a holiday property an unrealisable dream for many.

 The funding round we announced 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.

Nikolaus Thomale, Managing Director MYNE

The technology-driven co-ownership platform of MYNE allows individuals to pool their resources and invest in premium vacation homes, thus making ownership much easier and more affordable. Furthermore, a higher number of investors share the benefits of ownership, such as rental income and appreciation.

Benjamin Habbel, CEO Limestone Capital, commented, “This €40 million round, the largest in the European PropTech sector this year, underscores our commitment to supporting technology-driven platforms that redefine industries. This aligns perfectly with our strategy of backing platforms that unlock value in the experience economy and we are confident that MYNE’s strong leadership, and unique offering will drive continued growth and success in the European PropTech sector."