How Egyptian prop-tech startup Partment enables hassle-free 2nd home ownership
- Partment offers users the chance to part-invest in meticulously curated properties, enabling personalized and diversified real estate portfolios.
- Partment closed a pre-seed round of US$1.5 million in September 2022 and established a partnership with ValU for financing solutions.
- The company has expanded its presence from Gouna to the North Coast and Somabay in Egypt, and is now venturing into international markets starting with Athens, Greece.
Partment's co-ownership platform addresses the challenges of second-home ownership by providing a more accessible and efficient solution. The positive market response, increasing number of customers, and expansion into international markets demonstrate the success and demand for their innovative approach. With the support of funding and strategic partnerships, Partment is well-positioned for further growth and disruption in the real estate industry.
