Virgil is a provider of financial services intended to invest in properties with customers according to their needs.
Virgil's mission is to help young working people become homeowners and break free from rent slavery.
Virgil was founded in 2018 by Saskia Fiszel and Keyvan Nilforoushan. The company is headquartered in Paris, France.
Virgil provides a financial solution to assist individuals in purchasing a home. It acts as a sleeping co-owner who co-invests up to 20% of the price of the property, and within the limit of €100k, alongside the candidate for access to property.
Virgil limits its investments to 20% of the initial home value. In that case, the startup would own 30% of the home equity. When it’s time to sell your place, Virgil gets its investment back. The business model becomes particularly interesting in a bull housing market.
Virgil has worked on 100 projects representing €50 million in residential value in the Paris area — they financed a portion of that.
Virgil is backed by Global Founders Capital, Alven, LocalGlobe, Kima Ventures, Aquasourca, Evolem, and others. The company raised $15.6M (€15M) in a new round on Nov 07, 2022. This brings Virgil's total funding to €17.1M to date.