PropTech Kocomo reels in $56m to expand business reach

Mexico City-based Kocomo has secured $56m in debt and equity funding from a round led by Vine Ventures and AIIVP.

The round also saw participation from Picus Capital, Architect Capital, Clocktower Technology Ventures, JAWS, FJ Labs and Fontes by QED.

There were also angel investments from Barry Sternlicht, Florian Hagenbuch, Mate Pencz, Oskar Hjertonsson, Carlos Garcia and Sergio Furio.

Founded in 2021, Kocomo is an early-stage PropTech that has created a marketplace to enable people to purchase, own and sell fractional interests in luxury homes through its platform.

Kocomo claims its mission is to make the dream of vacation homeownership an attainable reality for more worldwide. The company has locations in Mexico City and Seattle, Washington.

According to Kocomo, it intends to use the newly raised debt and equity funding to continue to expand operations and its business reach.

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.