Kocomo is a property technology startup that is assisted by leading investors from the USA, Europe, and Latin America. The company has accumulated funds close to $56 million to deal with cross-boundary co-ownership of extravagant vacation properties. Kocomo’s goal is to make desirable and dreamy vacation home ownership an achievable reality for all of humanity.
Martin Schrimpff, the co-founder and CEO of Kocomo, explained that the firm uses shared proprietorship to facilitate a more cost-sustainable solution for consumers to enjoy the advantageous experience of private air travel. Schrimpff explained that the co-proprietorship arrangement forms as a smarter manner to possess and benefit the fruits of staying in luxury vacation homes throughout the global geography.
Kocomo’s funding round investors
This financing round was pioneered by ALLVP, a Mexico-based venture capital firm, and Vine Ventures, a New York City-based venture capital firm. The funding round saw participation from QED’s Fontes, FJ Labs, Picus Capital, JAWS, and Clocktower Technology. The investments for debt management were funded by Architect Capital.
The round was graced by the founders of some of Latin America’s most esteemed entities, namely – Oskar Hjertonsson from Cornershop, Sergio Furio from Creditas, Carlos Garcia from Kavak, and Mate Pencz and Florian Hagenbuch from Loft.
A novel approach to owning luxury vacation properties
Kocomo pursues to bombard the traditional vacation home proprietorship by allowing clients to possess a foreign luxury vacation property through their esteem class co-ownership and property management prototype. The firm has set itself to begin this endeavor in Mexico.
Tom Baldwin, co-founder & CFO of Kocomo, explained that a new facet of real estate proprietorship has been generated by the firm. This kind of ownership is best suited to the utility patterns of people on a vacation.
The firm utilizes technology as a boon and aims to facilitate a transparent platform that sanctions people to buy, sell, and own co-proprietorship interests in extravagant living quarters through a wholly integrated platform.
In addition to the trail of benefits left by the firm, clients can enjoy a stress-free holiday as Kocomo entirely manages the luxury properties and other existing co-owners.
Kocomo houses a transnational team of experienced entrepreneurs who are motivated by their common passion for technology, business, international travel, and real estate modernization.
Graciela Arango, co-founder & CPO of Kocomo, said that the team came into existence owing to the common belief possessed by its members. This belief was laid on the foundation of how holidays and vacations can prove to be fuel for a carefree life and memorable living. The team is passion-driven about facilitating a plethora of achievable opportunities for their clients. They allow people to possess a vacation home that will deliver a foundation to create unforgettable memories like learning how to ride a bike, vacation celebrations, and family gatherings and game nights.
Kocomo is initiating its operations in Mexico but plans to spread its footprint across the geography of the world. The firm seeks to embrace the versatile cultures on the face of the Earth and provide facilities for a plethora of outdoor hobbies and activities.
With the firm’s radical co-proprietorship prototype, one can possess a luxurious home in Mexico for a segment of the price and in a hassle-free manner.
Kocomo is a pre-seed property tech startup that is supported by leading European, US, and Latin American investors. The firm leverages the boon of technology to design a transparent market that motivates people to own, sell, and buy co-proprietorship in luxury vacation homes. The platform is vertically integrated and is going to first start in Mexico. Kocomo’s goals are to create an attainable reality in the domain of vacation home proprietorship for people all around the globe.