Lilo, a London-based fractional property ownership platform, announced that it has secured a €3M pre-seed funding round led by 468 Capital, with participation from Presight Capital and select angel investors.
The funding will enable the company to expand the team and execute the initial property purchases.
Emily Chan, co-founder at Lilo says, “Real estate needs to be re-imagined to better suit our increasingly versatile way of living. We’re creating a new asset class to achieve precisely that – collecting shares in our properties gives our members access to the most sought-after cities in the world, aided by our in-house sourcing and valuation expertise.”
Invest and experience
Founded by Emily Chan and Christopher Lass in April 2022, Lilo is creating a new platform for those who want to invest and experience the most sought-after properties in European cities.
The company offers its community exclusive access to carefully curated properties across top-tier European cities such as Barcelona, London, Amsterdam, Stockholm, and Berlin.
Christopher Lass is looking forward: “Seeing people sign up to our waiting list has proven the robust demand for this new invest-and-experience asset class. We’re so excited to release our first fractional properties over the coming months.”
Split into 8 shares
Lilo says the team of eight is working on purchasing high-end residential properties in desirable locations, with ownership split into up to 8 fractions.
This means, that 8 co-owners will share the legal ownership of the property. However, an individual can buy up to four out of the right shares per property.
Fabian Hansen, General Partner at Presight Capital says, “The a new generation of working professionals and creatives strives toward a flexible lifestyle but also remains diligent about collecting a diverse range of investments. Real estate’s stability makes it indispensable to any well-balanced portfolio. What we love about Lilo is that it combines the best of both worlds – we’re absolutely thrilled to be part of this journey.”
