Fractal is a proptech startup that utilizes a fully integrated technology platform to facilitate fractional ownership of luxury residential properties in Europe, allowing clients to own, use, and sell shares starting from 1/8 of the property's value. By managing the entire buying process and property maintenance, Fractal addresses the complexities and high costs associated with second home ownership, making it more accessible and hassle-free for clients.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The high costs and complexities associated with owning a second home, such as property management, maintenance, and legal paperwork, make it inaccessible for many individuals and families. Traditional full ownership also limits flexibility, as owners are solely responsible for all expenses regardless of usage.
Solution
Fractal offers a platform for co-ownership of luxury residential properties, enabling clients to purchase a fraction of a home and share the costs with other owners. Fractal manages the entire buying process through a limited company set up specifically to own that single property, as well as property maintenance and administrative tasks, providing a hassle-free ownership experience. Owners can schedule stays, manage their property through a mobile app, and resell their fraction, capturing any asset appreciation. This model lowers the barrier to entry for second-home ownership while providing flexibility and professional management.
Target Audience
Fractal targets individuals and families seeking to own a second home in Europe but are deterred by the high costs and management responsibilities of traditional full ownership.
Features
- Fractional ownership model allowing purchase of shares starting from 1/8 of the property's value
- Management of the entire buying process, including legal and financial aspects
- Property maintenance and management handled by Fractal
- Online platform for scheduling stays and managing property-related tasks
- Resale facilitation of Fractal property interests
- Access to luxury properties in select European cities