Kocomo, a pre-seed stage proptech startup, has raised $56 million in debt and equity to tackle cross-border, co-ownership of luxury vacation properties. Kocomo’s mission is to make the dream of vacation homeownership an attainable reality for more people around the world.
“In the same way that Netjets uses shared ownership to create a more cost-effective solution for people to enjoy the benefits of private air travel, we apply a co-ownership model to create a smarter way for people to own and enjoy luxury vacation homes worldwide,” said Martin Schrimpff, co-founder and CEO of Kocomo.
This funding round was led by AllVP and Vine Ventures — with participation from Picus Capital, Fontes – QED, FJ Labs, Clocktower Technology Ventures, and JAWS (the family office of Starwood Capital Group Chairman Barry Sternlicht), while the debt investment was financed by Architect Capital.
Investments from the founders of four of Latin America’s most prominent unicorns