VIVLA closes a deal worth2.7 million euros for the acquisition of Suomma.

VIVLA has successfully completed a funding round, raising 2.7 million euros. This strengthens VIVLA's position in Europe in the co-ownership sector, after already becoming a market leader in its first round in 2020.

Thanks to this, the company Suomma was acquired, which allows for strengthening positions by expanding the asset portfolio and providing high-quality and broader options. VIVLA specializes in luxury residential properties in key resort destinations on the coast and in the mountains. In 2022, it secured its first investment round of 26 million euros, led by Samaipata, the American fund FJ Labs, Fasanara, Accel, and Extension Fund.

The new round was primarily led by this group of investors and some high-ranking executives from Spanish financial real estate. This investment infusion allows VIVLA to strengthen its market position and continue its mission to make ownership of secondary vacation homes more accessible and affordable.

The VIVLA co-ownership model rethinks real estate and offers an innovative solution to traditional problems associated with owning secondary vacation homes. It allows multiple people to co-own luxury properties, sharing costs and avoiding the complexities of owning a vacation home. VIVLA analyzes and acquires high-end properties valued between 500,000 and 2.5 million euros in the best destinations in Spain. It then allows co-owners to purchase a share in the property, typically ¼, enabling them to enjoy the residence for 6 or more weeks a year while sharing expenses. VIVLA takes care of everything from property management to maintenance, ensuring simplicity and an excellent experience for each co-owner.

The CEO and co-founder of VIVLA, Carlos Gomes, shares his enthusiasm about this development: "This funding round and the acquisition of Suomma are significant steps in our journey to democratize access to secondary vacation homes in Europe.

VIVLA will finish 2023 managing a total of 12 residential properties in key resort destinations in Spain, such as Ibiza, Formentera, Menorca, Denia, Cadiz, Sotogrande, and Baqueira-Beret. Additionally, it already has plans to expand its network to over 25 properties in 2024. These are primarily luxurious fully renovated villas and, in some cases, spacious apartments designed by renowned interior designers. Due to their location, quality, and size, they fall into the premium segment with prices ranging from 500,000 euros to 2.5 million euros.

VIVLA is growing by integrating its competitors. Suomma is an innovative proptech company founded in 2022 by Julian Gill and Borja Badiola, specializing in real estate investments in sought-after destinations. The acquisition of Suomma allows VIVLA to expand its offerings in the vacation home sector at a more accessible price point, strengthen its financial co-ownership proposal, and broaden the audience that can afford premium vacation homes. More than 20 transactions have been completed between Suomma and VIVLA in 10 resort destinations with over 50 clients. With these investments and the acquisition of Suomma, VIVLA is well-positioned to continue leading the transformation of the real estate market in Europe and meet the changing needs of buyers seeking flexible and high-quality secondary homes. To achieve this, it has top-tier partners such as Engel & Volkers, Lucas Fox, John Taylor, Remax Collection, Savills, and more than a dozen developers and partners.