A platform re-inventing access to second home ownership in Europe has raised €2 million in pre-seed funding from angel investors.
Altacasa will use the funding to develop its bespoke platform, source high-quality properties and grow the team across London and Paris.
Founded in 2021 by serial entrepreneur Romain Saint Guilhem, Altacasa wants to make it easier than ever for people to enjoy the benefits of owning a second home without the hassle or high costs.
The company allows people to buy a sixth or more share in a home. Owners will be able to use the house for at least two months of the year, depending on the size of the share, with Altacasa handling all the management, scheduling, maintenance and cleaning.
Altacasa allows people to buy a share in a dedicated limited company that owns the whole property, allowing them access to a larger, higher-quality home than they could afford on their own. Costs for taxes such as stamp duty are spread across the owners and bundled in with the property cost, to improve affordability.
“I’ve always wanted to do something that merged my passion for technology, finance and real estate and Altacasa is the result,” said Romain Saint Guilhem, founder and CEO of Altacasa.
“We want to make it easier, more affordable and smarter for people to enjoy all the benefits of a second home, without the hassle of maintenance or having to deal with inflexible and restrictive timeshares which depreciate in value over time.
“Our proprietary Altacasa TimeTM algorithm takes care of all the scheduling, whilst our management platform further enhances the experience by handling everything else so you can enjoy your second home to the fullest.
“Europe is the most sought-after second home market in the world and we’re excited to make this dream a reality for many and reinvent the experience thanks to technology.”