London-based proptech Lilo has raised €3 million in funding to offer an invest-and-experience platform for fractional home ownership. The pre-seed round was led by 468 Capital, followed by Presight Capital and angel investors.
Founded by Emily Chan and Christopher Lass in April 2022, the fractional property ownership platform will enable members to enjoy an enriched mobile lifestyle by collecting shares in global real estate. The company is currently working on purchasing high-end residential properties in desirable locations around the world, with ownership split into up to 8 fractions.
Lilo will offer its community exclusive access to carefully curated properties across top-tier European cities such as Barcelona, London, Amsterdam, Stockholm, and Berlin. According to Lilo, it will enable members to assemble a globalised property portfolio while benefiting from a lower mental and monetary burden compared to traditional property ownership.
Emily Chan, co-founder at Lilo said: “Real estate needs to be reimagined 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.”
Fabian Hansen, general partner at Presight Capital added: “The new generation of working professionals and creatives strives toward a flexible lifestyle, but also remain 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.”