Wednesday, September 28, 2022
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HomeFinTechReal Estate Fintech Lilo Receives Three Million Euros!

Real Estate Fintech Lilo Receives Three Million Euros!

Proptech startup Lilo (website) has just secured €3 million to launch its mission to become a leading European investment-and-experience platform for partial homeownership. The London-based company is establishing a new asset class, making global real estate shares interactive and collectible. Emily Chan and Christopher Lass founded Lilo in April 2022. The fresh capital was led by 468 Capital, followed by Presight Capital and select angel investors.

The prop-tech startup’s platform operates on a membership basis. It enables members to enjoy an enriched mobile lifestyle that reflects the growing trend of working and digital nomads by collecting shares in global real estate. The team buys high-end residential properties in desirable locations worldwide, with ownership divided into up to 8 fractions.

Fabian Hansen, General Partner at Presight Capital, stated, “The new generation of professionals and creatives strive for a flexible lifestyle but also remain diligent in accumulating a variety of investments. The stability of real estate makes it essential to any balanced portfolio. What we love about Lilo is that it combines the best of both worlds – we’re thrilled to be part of this journey.”

Lilo will offer its community exclusive access to curated properties in some of Europe’s most popular and sought-after cities, including Barcelona, London, Amsterdam, Stockholm and Berlin. The platform will enable members to build a global real estate portfolio without the current mental and monetary burden.

Winning this pre-seed round is an essential step for the startup’s ambitions. It will be used to expand the team, which is eager to hit the ground running and acquire its first properties.

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