Virgil SAS

Virgil SAS provides innovative solutions for potential homeowners, facilitating property ownership through financial assistance. Their co-investment model empowers clients by reducing the burden of down payments in residential real estate transactions. Founded in 2019, Virgil SAS operates from Paris, France, offering services to potential homeowners. The company has executed a total of 4 deals, with its most recent funding round in November 2022 where it raised EUR 15.

000 mn in Seed funding from investors including Global Founders Capital and Aquasourca SAS. The company was co-founded by Keyvan Nilforoushan and Saskia Fiszel, who have backgrounds in real estate and finance. Virgil offers an innovative real estate solution designed to assist potential homeowners in overcoming financial barriers to property ownership. Their primary service involves co-investing with clients, providing up to EUR 150,000 in capital to facilitate the purchase of residential properties.

This model eliminates the need for a substantial down payment, allowing clients to select properties that meet their needs without compromising on essential features such as location or size. The service caters to a diverse client base, including first-time buyers and those looking to upgrade their living conditions in urban markets across France. Since its inception in 2019, Virgil has successfully funded over EUR 50 mn in real estate projects, primarily targeting clients in metropolitan areas such as Paris, Lyon, and Marseille. Virgil's revenue model is structured around co-investment transactions in the real estate sector, where clients purchase properties with the assistance of Virgil's capital investment.

Upon closing a property deal, clients utilize the capital provided by Virgil, allowing them to occupy the property without immediate financial burden. Revenue is generated through an annual occupancy fee of 10% of the invested amount, applied once the property is occupied. This structure enables Virgil to maintain a steady income stream while also allowing clients the flexibility to sell their property at market value or buy out Virgil's share at a predetermined price. The firm primarily operates on a direct-to-consumer basis, engaging clients who seek to navigate the complexities of real estate ownership without the traditional constraints of sizable down payments.

In November 2022, Virgil SAS raised EUR 15. 000 mn in Seed funding, which will be utilized to expand its services and geographic reach. The company is planning to introduce new residential investment products aimed at diversifying its portfolio, with anticipated launches in the upcoming year. Additionally, Virgil plans to extend its operations beyond France into other European markets, specifically targeting urban centers in Germany and Spain by the end of 2023.