Proptech firm raises £275K to create ‘Airbnb for house shares’
A new property management platform that wants to be the ‘Airbnb for shared living’ has raised £275K. The entrepreneur behind the idea, Vann Vogstad, has raised funding from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, and private investors.
Inspired by fond memories of house sharing after leaving university, Vann created the only platform of its type specifically designed for houses of multiple occupation (HMOs). COHO aims to accelerate the growing trend for co-living amongst people of all ages. It allows property investors to manage their portfolio and tenants to find a suitable house share with likeminded people.
Vann joined forces with long-term collaborator Liam Cooper to launch the platform in 2021, and have since signed up over 80 landlords and letting agents who manage thousands of rooms between them. Vann believes that “Co-living offers a positive lifestyle choice for many people living alone or struggling to afford their own…