Vivla offers fractional ownership in high-end second homes, allowing individuals to legally own a share of a property without the burdens of full management. This model provides owners with guaranteed usage time and access to an exchange network of curated properties in desirable destinations. The service ensures a fully managed experience, maximizing holiday flexibility and minimizing ownership complexities.
Funding
$31M 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
Owning a second home in desirable vacation locations is often financially prohibitive due to high purchase prices and ongoing maintenance costs. Traditional full ownership also results in properties being underutilized for most of the year, leading to wasted investment and resources.
Solution
VIVLA offers a fractional ownership model that allows individuals to co-own luxury second homes, providing access to high-end properties without the full financial burden. Through VIVLA, owners purchase a fraction of a property, ranging from one-eighth to one-half, which grants them several weeks of exclusive use per year. VIVLA manages all aspects of property maintenance and management, ensuring a hassle-free experience for owners. An intelligent booking system guarantees equitable access to the property during peak, shoulder, and off-peak seasons. Owners can also exchange stays across VIVLA's network of homes, expanding their vacation options.
Target Audience
VIVLA targets affluent individuals and families seeking to own a second home in premium vacation destinations but prefer a cost-effective and hassle-free ownership experience.
Features
- Fractional ownership model enabling purchase of 1/8 to 1/2 shares in luxury vacation homes
- Guaranteed six weeks of annual usage per share, with equitable access across all seasons
- Access to a network of curated homes in prime destinations, allowing for stay exchanges
- Comprehensive property management services covering maintenance, cleaning, and administrative tasks
- Intelligent booking system ensuring fair and flexible scheduling for all co-owners
- Option to resell fractions, providing liquidity and potential investment gains
- Properties undergo VIVLA certification to ensure high standards of quality and sustainability