Kocomo operates a marketplace that lets multiple buyers purchase, own and sell fractional interests in luxury vacation properties, with participants holding actual real-estate ownership rather than timeshare usage rights. The platform purchases homes through LLCs, vets and allocates co-owners, manages legal and administrative processes, and handles maintenance, utilities and other property services; owners can also opt to rent their weeks. Founded this year and operating in stealth since May, Kocomo recently launched a beta to a select waiting list. The company raised $6 million in equity and $50 million in debt to advance its business and property acquisitions. Equity capital will be used to grow the nine-person team (sales, marketing and engineering) and invest in technology; the debt will fund the acquisition of roughly 20 luxury properties in Mexico near international airports. Kocomo plans to initially target Americans and Canadians buying in Mexico, the Caribbean and Costa Rica, with later expansion to Europe, ski and Mediterranean destinations and major cultural centers.

Total raised

$56M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2021