Milan-based fintech investment company Piece is getting €650k to support the younger generation of real estate investors.

Italian real estate fintech company Piece has raised €650k in funding.

Italian real estate fintech company Piece has just raised €650k in a preliminary round of funding from venture capital studio Startup Gym, which was instrumental in the development and growth of the startup during its initial phase.

The funds raised will help strengthen Piece's investment community

The proceeds will enable Piece to strengthen its real estate investment community, build the necessary technological infrastructure and optimize operations for the selection, management and offer of properties in Italy and beyond.

Piece offers the opportunity to invest in real estate from as little as €50

With Piece, investors can now start investing in real estate as early as €50, gaining a stake in property ownership, monthly rental dividends and a potential increase in value on sale.

Piece founders' reaction to the funding round

Kentaro Sohara, co-founder of Piece, expressed his excitement about the funding round, stating, "We believe that everyone should have the opportunity to invest in real estate. With the support of StartupGym and our valued investors, we are confident in our ability to revolutionize the real estate investment field and empower a new generation of investors."

The role of StartupGym in the development of real estate investments

Paolo Galvani, StartupGym board member, said: "Many young people consider real estate a boring and expensive investment option compared to cryptocurrency and stocks. While several platforms have emerged in these areas, none of them have been specifically designed for real estate investments. Recognizing this opportunity, StartupGym believes that Piece has the potential to become the industry standard for real estate investing, providing access to both retail investors and the younger generation.

The founders of Piece and their mission

Japanese entrepreneur Kentaro Sohara, known for his successful projects including Sendyou, has joined forces with co-founders Lorenzo Dellarossa, former head of product at Casavo, and Ricardo Momigliano, former marketing manager at Doctolib, to found Piece in 2023. The startup's mission is to democratize real estate investment by making it accessible to a younger generation facing huge challenges when entering the housing market.

Piece wants to democratize real estate investments.

Ricardo Momigliano expressed his viewpoint, stating: "Today, many people are unable to invest in real estate due to difficulties in obtaining bank loans, lack of experience, and excessively high prices. At Piece, we believe that real estate investment needs to be rethought and, above all, democratized."

Piece aims to make real estate investments accessible to everyone.

Lorenzo Dellarossa emphasized: "At the moment, there is no technological solution in the Italian market that allows for the purchase of only a part of a property, which excludes most of the younger generation from real estate investments. With Piece, we aim to create a new technology that will make real estate investments accessible to everyone, completely transparent, and secure."

Advantages of investing through Piece

• Reducing operational risks, such as tenant screening, through local partnerships provided by Piece.
• The ability to sell shares in real estate on the secondary market as easily as owning stocks.