Virgil invests alongside home buyers before they acquire their new apartment, allowing buyers to afford bigger homes or smaller loans in exchange for an equity stake. The company can provide up to €100,000 per customer and uses a simple 1.5x ratio on equity share, with a maximum investment capped at 20% of initial home value. When customers sell their home Virgil recoups its investment, and the firm requires closure of its position after 10 years if homeowners do not sell. Over the past three years Virgil has worked on 100 projects representing about €50 million in residential value in the Paris area and financed a portion of those transactions. With the new funding the startup has set aside €7 million specifically to invest in property transactions and aims to participate in €50 million worth of housing transactions every month. The model benefits from rising housing markets but creates risk if prices drop or homeowners refuse to sell, and could also influence housing prices in expensive cities like Paris. Virgil is a Paris-based property company that invests equity alongside young professionals so they can acquire their home and start building up their net worth. It provides young professionals the necessary deposit to buy an apartment and can provide up to €100k per transaction. For a 10% contribution Virgil will own 15% of the apartment; the acquirer can sell their apartment at any time or buy back Virgil’s share after ten years from the date of purchase. The team has launched Spoune, a media for the company’s community that tackles a different finance-related question in each issue to give professionals tools to widen their options. The company was co-founded by Keyvan Nilforoushan and Saskia Fiszel. It intends to use the funds to continue to expand operations.

Total raised

$18M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2022