Family vacation Household Ownership Disruptor, Kocomo, Has Raised $56 Million

The sharing economic system has upended various industries, which includes car rides, private jet journey, and household rentals. Kocomo is the extensive-awaited extension into vacation household ownership.

MEXICO Metropolis, Aug. 30, 2021 /CNW/ — Kocomo, a pre-seed stage proptech startup backed by primary U.S., European, and Latin American traders, has elevated US$56M in credit card debt and fairness to tackle cross-border, co-ownership of luxurious family vacation attributes. Kocomo’s mission is to make the dream of getaway residence ownership an attainable fact for more people close to the planet.

Holiday vacation Household Ownership Disruptor, Kocomo, Has Raised $56 Million

“In the same way that Netjets takes advantage of shared ownership to create a far more expense-effective solution for men and women to get pleasure from the benefits of personal air vacation, we implement a co-ownership design to generate a smarter way for people to own and delight in luxurious family vacation households all over the world,” stated Martin Schrimpff, co-founder and CEO of Kocomo.

This funding round was led by AllVP and Vine Ventures — with participation from Picus Funds, Fontes – QED, FJ Labs, Clocktower Technological know-how Ventures, and JAWS (the household workplace of Starwood Money Group Chairman Barry Sternlicht), while the financial debt investment was financed by Architect Funds.

Investments from the founders of 4 of Latin America’s most distinguished unicorns — which includes Mate and Florian of Loft, Oskar Hjertonsson of Cornershop, Carlos Garcia of Kavak, and Sergio Furio of Creditas — also make up the round.

Kocomo seeks to upend traditional family vacation property possession by enabling folks to very own a luxurious holiday house overseas through its finest-in-course co-ownership and residence administration product — beginning with Mexico. “With Kocomo, we have established a new unit of real estate ownership that is greater suited to actual use styles for holiday vacation houses — and our stop-to-stop platform tends to make co-ownership absolutely inconvenience-cost-free,” extra co-founder and CFO, Tom Baldwin.

Leveraging the power of engineering, Kocomo aims to build a transparent marketplace that empowers men and women to acquire, very own, and offer co-possession interests in luxury residences via its vertically-integrated platform. In addition to benefiting from possible property appreciation and rental profits, co-homeowners also experience tension-no cost vacations on their own as Kocomo manages both equally the luxury assets and the other vetted co-homeowners.

Kocomo is led by a multinational workforce of seasoned business owners who are pushed by their shared passion for worldwide journey, technologies, enterprise, structure, and genuine estate innovation. “We came collectively as a staff mainly because we feel holiday vacation memories fuel existence,” says co-founder and CPO, Graciela Arango. “Typically our fondest recollections are created through getaway — and we are passionate about furnishing far more accessible chances for people today to possess a family vacation property that’ll serve as the backdrop to unforgettable moments like loved ones sport evenings, learning how to ride a bicycle, or holiday break celebrations.”

About Kocomo:
Kocomo is an early-stage proptech startup, backed by top U.S., European, and Latin American buyers. Leveraging the electric power of technological know-how, Kocomo aims to develop a transparent marketplace that empowers people to obtain, own, and offer co-ownership interests in luxurious houses via its vertically-integrated system, beginning in Mexico. Kocomo’s mission is to make the aspiration of family vacation property possession an attainable fact for far more people all over the entire world.

Martin Schrimpff
CEO, Kocomo
[email protected]



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