Mythic Markets, a young, San Francisco-based fractional investing platform for fans, has raised $2 million in seed funding led by Slow Ventures, with participation from Third Kind Venture Capital, Global Founders Capital, and others.
The company is being led by cofounder and CEO Joseph Mahavuthivanij, who previously spent a couple of years as an associate with the seed- and early-stage fund Social Leverage.
We can see why it piqued the interest of investors. Mythic is capitalizing on the broader trend of fractional ownership that gives numerous investors a piece of the same — hopefully appreciating — asset. The idea dates back fifty years or so to vacation time-shares, but it has picked up momentum of late, with startups asking potential customers to buy parts of