This funding round was led by AllVP and Vine Ventures — with participation from Picus Capital, Fontes – QED, FJ Labs, Clocktower Technology Ventures, and JAWS (the family office of Starwood Capital Group Chairman Barry Sternlicht), while the debt investment was financed by Architect Capital.
Investments from the founders of four of Latin America’s most prominent unicorns — including 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 conventional vacation home ownership by enabling people to own a luxury vacation property abroad through its best-in-class co-ownership and property management model — starting with Mexico. “With Kocomo, we have created a new unit of real estate ownership that is better suited to actual use patterns for vacation properties — and our end-to-end platform makes co-ownership completely hassle-free,” added co-founder and CFO, Tom Baldwin.
Leveraging the power of technology, Kocomo aims to create a transparent marketplace that empowers people to purchase, own, and sell co-ownership interests in luxury homes through its vertically-integrated platform. In addition to benefiting from potential home appreciation and rental income, co-owners also experience stress-free vacations themselves as Kocomo manages both the luxury property and the other vetted…