MYNE Secures €40M in Series A Funding

MYNE, the vacation property co-ownership innovator, has just raised €40M in its Series A funding round, marking the largest financing event in the European proptech sector for 2024.

• Record-Breaking Round: This €40M infusion is the biggest European proptech financing round of the year, underscoring MYNE's rapid growth and market influence.

• Strategic Expansion: The funds will drive technological advancements, expand their portfolio, and venture into new locations like Croatia and Portugal, with plans to target the Benelux countries and the UK.

• Investment Details: Led by Limestone Capital, the round also saw contributions from Motive Ventures and Scope Hanson.

• Leadership Insights: Nikolaus Thomale, Managing Director, highlighted that this funding will facilitate their next growth phase, making second-home ownership accessible to more people.

• Addressing Market Challenges: With global property prices climbing and economic conditions making property ownership increasingly difficult, MYNE's co-ownership model offers a viable solution.

• The MYNE Advantage: The platform not only simplifies property ownership but also allows investors to benefit from rental income and appreciation.

MYNE is revolutionizing vacation property investments by making luxury homes more accessible and manageable for everyday investors.