UK – Fractal Homes, a London, UK-based startup offering fractional home ownership across Europe’s capital cities, raised $30M in Seed funding.
The round was led by White Star Capital with debt participation from a London-based private credit fund.Co-founded by Wadih Abou Bechara and Labib Kaddoura, Fractal provides second home co-ownership for Middle Eastern buyers. Through its integrated technology, the platform allows clients to own, use and sell fractional interests in properties across European cities, starting with London. The company is focused on capturing cross border flows into prime residential European real estate, offering ownership in properties at an accessible price and on a fully managed basis for the buyers. The company intends to use the funds to scale its UK operations with selective hiring ahead of a targeted expansion in the Middle East next year. The debt capital will go towards the acquisition of luxury properties in sought-after destinations in West London — such as Knightsbridge, Notting Hill, Chelsea, Kensington and Mayfair. Expansion into other holiday and business destinations, such as Paris and Madrid are targets for future growth. The company also sees potential in ski resorts as well as Mediterranean beach destinations.Fractal plans to grow its HQ in London, with a particular focus on sales, marketing, and engineering hires. It is also looking to expand its presence abroad next year with a base in Abu Dhabi. 10/01/2023
