Fractional property ownership platform secures €3 million in a pre-seed round
Three months after founding, Lilo has announced the successful closing of their €3 million (£2.5m) pre-seed funding round led by 468 Capital, followed by Presight Capital and select angel investors.
Lilo is a fractional property ownership platform enabling members to enjoy an enriched mobile lifestyle by collecting shares in global real estate. Founded by Emily Chan and Christopher Lass in April 2022, the London-based team of eight members is working on purchasing high-end residential properties in desirable locations around the world, with ownership split into up to eight fractions.
Fabian Hansen, General Partner at Presight Capital says: “The 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.”
Lilo will offer its community exclusive access to carefully curated properties across top-tier European cities such as Barcelona, London, Amsterdam, Stockholm, and Berlin. The platform will also 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 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.”
The funding will be used to expand the team and execute on the initial property purchases.
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.”