MYNE's Vision: Shared Luxury Vacation Properties
Nikolaus Thomale and Fabian Löhmer, Founders and Managing Directors of MYNE - © MYNE, Anna Daki
MYNE is set to revolutionize the European vacation property market with its innovative co-ownership model. According to a recent press release, the startup has secured a €40 million Series A funding round led by Limestone Capital, marking a significant milestone in its mission to make holiday home ownership accessible to a broader audience.
Fabian Löhmer, founder and CEO of MYNE, stated: "We are thrilled to have experienced partners like Limestone Capital by our side. Together, we are making high-quality vacation properties an attractive asset class for private customers who value cost and resource efficiency."
The partnership aims to address a pressing issue in the vacation property market. Approximately 24 million holiday homes and apartments across Europe sit empty for most of the year, while many people dream of owning a vacation property but are deterred by costs and complexities.
MYNE's co-ownership model offers an affordable and straightforward solution to this problem. By splitting acquisition and ongoing costs, co-owners can enjoy all the benefits of a premium property at a fraction of the price. The company also handles all management aspects, from maintenance to reservations, ensuring a stress-free experience for owners.
With the new investment, MYNE plans to expand its operations across Europe, enhance its technology platform, and broaden its property portfolio.
