Partment
An online marketplace where people can buy a hassle-free second home.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $1.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Partment is a digital platform that provides a co-ownership model for second homes, allowing multiple individuals to share ownership of a property. The company's primary focus is on making second home ownership more accessible and affordable by reducing the financial barrier to entry. Partment targets individuals who desire a vacation home but are deterred by the high costs and responsibilities of sole ownership.
The business operates by acquiring properties in prime vacation destinations, such as Egypt's North Coast and El Gouna, and then selling fractions of these properties to co-owners. The company manages all aspects of the property, including maintenance, cleaning, and scheduling, providing a hassle-free experience for the owners. This full-service management is a key component of their value proposition. The revenue model is likely based on a commission from the sale of property fractions and ongoing management fees from the co-owners.
Keywords: real estate, co-ownership, fractional ownership, property management, vacation homes, second homes, proptech, real estate investment, luxury properties, shared economy