Ancana
Ancana, based in Mérida, Mexico, offers fractional ownership of vacation homes in top Mexican destinations, facilitating real estate transactions and managing properties post-sale.
Services
Ancana offers fractional ownership of vacation homes, allowing buyers to own a 1/4 or 1/8 share of a property. For a 1/4 share, owners gain access to the property for three months each year. Ancana handles the entire real estate purchase transaction, including finding and vetting co-owners. Once all shares are sold, the company transitions to a property management role, retaining no ownership stake. Owners own a real asset rather than a block of time, unlike traditional timeshares. Owners can sell their share at any time, capturing any appreciation the property has accrued.
Founders
Ancana was founded in 2010. The company participated in the Y Combinator S21 batch. Specific details about the individual founders and their backgrounds are not provided in the provided facts.
Locations
Ancana operates out of Mérida, Yuc., Mexico and offers remote services. The company serves customers in Mexico, Latin America, and also operates remotely on a fully remote basis. The homes are situated in Mexico's top destinations, featuring locations with historical heritage, beaches, forests, lakes, or mountains.
Funding and Growth
Ancana has raised $10M in funding, reflecting significant investor interest in their business model. The company serves 100,000 customers and has grown its team to 50 employees. The team size listed as seven might refer to an earlier stage or possibly a smaller core team.
Marketplace for Managed Vacation Homes
Ancana provides a marketplace for managed vacation homes through fractional ownership. Each property is set up as an investment trust, divided into individual purchasable shares. This model allows for flexibility and financial growth for owners, who can benefit from property appreciation and have the option to sell their share at any time.