MYNE

About MYNE

MYNE offers a managed co-ownership model for premium holiday homes across Europe, making ownership more affordable and stress-free. The company, founded in Berlin in 2021 by Fabian Löhmer and Nikolaus Thomale, addresses the issue of high costs and underutilization of vacation properties. The founding team also includes Moritz Vossenberg, Dr. Nikolai Jäger, and Philipp Wagmann, who bring combined expertise in real estate, technology, and finance. Löhmer has a background as an entrepreneur and investor in technology and real estate, while Thomale has experience founding technology companies.

The business model allows between two and eight co-owners to purchase shares in a single property, reducing the financial commitment for each individual. MYNE's platform enables customers to invest in high-quality vacation properties with a minimum equity share starting from €50,000. This share gives the owner the right to use the property for a set period each year, typically at least six weeks for a 1/8 share. The company operates in the proptech and real estate investment market, serving clients in Germany, Austria, Switzerland, the Benelux countries, and the UK. Revenue is generated through a commission on the initial property transaction and ongoing monthly management fees.

MYNE provides a comprehensive, all-inclusive service that covers the entire ownership lifecycle. This includes property sourcing, valuation, professional renovation, and interior design. Post-purchase, MYNE manages all aspects of property maintenance, administration, and coordination with service providers and authorities. Co-owners use a proprietary app and digital platform to manage bookings through a smart scheduling system designed to ensure fair usage. Additional services include on-site concierge, owner storage, and a rental service for when the property is not in use by the owners. The platform features a portfolio of approximately 40 properties in destinations such as Spain, Italy, France, Austria, Sweden, and Croatia.

The company has seen significant growth, securing €23.5 million in a seed funding round in 2022 and a further €40 million in a Series A round in 2024. In 2023, MYNE acquired its German competitor VillaCircle, cementing its position in the European market. The company's investors include notable names like Hakan Koç (Auto1 founder), Christian Gaiser (numa CEO), and investment firms such as Limestone Capital AG, Motive Ventures, and Rivus Capital.