Being in the business of convincing people that they deserve a vacation is hard. Being in the business of convincing people that they can co-own a vacation house and enjoy it at the same time can be deceptively harder.
Getaway – different from another venture-backed Getaway, which sells escapes to tiny cabins in the middle of nature – wants to make it easier for people to rent luxury real estate, and invest in it too. The company, co-founded by Ali Nichols and Amr Shafik, wants to do it all. It has raised $5.9 million from Cowboy Ventures, XYZ Ventures and Night Ventures, as well as $1.5 million in debt financing.
The platform, boasting the tagline “investments with a view”, is officially launching soon and plans to debut its first investment offering to investors later this month, pending SEC approval.
“We are actually purchasing properties,” Nichols said. ‘Everything that we post
