Seqoon

Seqoon

Providing a service for finding and purchasing co-ownership shares in a second home.

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DateInvestorsAmountRound
*

$500k

Seed
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-150 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

More about Seqoon
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Seqoon is a company that revolutionizes the way individuals can own vacation homes in Egypt through a unique LLC co-ownership model. This model allows clients to purchase shares in a property, thereby reducing the financial burden associated with owning a second home. Seqoon operates in popular Egyptian destinations such as Sahel North Coast, El Gouna, and Sokhna. The company forms a property LLC for each home, finds and vets co-owners, and manages all sales details, ensuring that co-owners hold 100% ownership after closing, with Seqoon retaining no shares.

Seqoon's business model targets individuals looking to invest in vacation properties without the high upfront costs. By allowing clients to buy shares in a property, Seqoon makes it possible for them to invest in high-value real estate that they believe will appreciate over time. The company generates revenue through the sale of these shares and by providing property management services, including maintenance, repairs, and utility management.

Seqoon's clients are typically individuals who desire the luxury and comfort of a second home but find the costs prohibitive for the limited use they get. Seqoon addresses this issue by offering a cost-effective solution that includes scheduling stays and managing the property, allowing clients to simply enjoy their vacation homes without the hassle of upkeep.

Keywords: vacation homes, co-ownership, LLC model, Egypt, property investment, second homes, real estate, property management, luxury destinations, fractional ownership.

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