Chilean Proptech Legria Raises $3.4M for Expansion

Chilean proptech innovator, Legria, has successfully secured a substantial $3.4 million investment led by Ameris Capital, propelling the company into its next phase of expansion. The funding is earmarked for the strategic acquisition of properties in sought-after Chilean locales, including Marbella, Zapallar, Cachagua, Maitencillo, Las Tacas, Villarrica, Pucón, and Lago Ranco.

Legria, renowned for its unique approach to fractional ownership of luxury properties, has gained prominence for providing clients with the opportunity to own holiday homes at reduced costs and enhanced convenience. Ignacio del Río, the CEO of Legria, expressed the company’s dedication to broadening its services and sustained growth in popular destinations.

“Our clients enjoy the benefits of owning holiday homes at lower costs and with more convenience,” stated del Río. He highlighted the speed of Legria’s fractional second home sales, emphasizing its efficiency compared to traditional methods. The company has also observed a positive trend in the resale value of these fractional shares.

Ameris Capital, the lead investor, lauded Legria’s potential to positively influence the Chilean property market. Legria currently operates in Chile and the U.S. (Miami), pioneering a model where individuals can invest in or own a share of luxury properties through a legally structured company ownership arrangement. With this recent injection of capital, Legria is poised to further disrupt and transform the real estate landscape.