Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

The Funderbeam Blog

Articles, interviews, case studies announcements and more.
Welcome to The Funderbeam Blog.

investing
November 22, 2021

ÖÖD Mirror Houses – Now raising investment on Funderbeam

by Oli Harris

ÖÖD Group is raising equity on Funderbeam to expand its ÖÖD Hotel business and create a permanent presence in the United States

An Introduction to ÖÖD Group

ÖÖD Group is a design-led manufacturer of small accommodation units, offices, saunas, and spaces for other uses. The group’s signature product is the ÖÖD Mirror House. They also utilize their own Mirror Houses and operate them under the ÖÖD Hötel brand.

Headquartered in Tallinn, Estonia, ÖÖD is a global company that has sold products to 21 different countries in the EU, North America, South America and Africa, and been profitable for the last 5 consecutive years.

In 2021, the ÖÖD Hotels in Estonia had an occupancy rate ranging from 65% – 88%, with nightly rates averaging approximately €200 per night, generating monthly revenue of €5,315.

As part of the ÖÖD Hötel brand, we operate ÖÖD hotel sites comprising of Mirror Houses that are either owned by the company or operated in cooperation with local partners who own them.

ÖÖD Group has been receiving continued demand for houses in Europe and have seen a particularly strong interest from the North America, where ÖÖD have received 678 sales requests in the first 10 months of this year.

As such, they have decided to invest further capital into the ownership and operation of Mirror Houses and to expand sales and production efforts in the US, where they intend to build and install houses. To realise growth plans, ÖÖD are seeking €0.5M – €2M of equity capital from investors through Funderbeam.

ÖÖD Group Business Models

ÖÖD houses can be sold as turnkey products to private owners.

However, in addition to this, ÖÖD has started to roll out the ÖÖD Partnership and ÖÖD Franchise Model to address private landowners who seek to operate the houses, and who are interested in an investment-light way to kickstart their hospitality business.

In the ÖÖD Partnership Model, ÖÖD provides the houses to landowners and hospitality operators and agrees on a rental share with the partner. In the ÖÖD Franchise model, ÖÖD actively supports the hospitality operators with central marketing and branding in return for an ongoing franchise fee.

They expect recurring revenue streams from ÖÖD’s hotel to grow, as are soon planning to increase the rental revenue from higher franchise and booking fees.

ÖÖD Group’s plans for use of funds

The plan is to allocate 60% of the proceeds towards the development of the ÖÖD Hotel business, and 40% of the proceeds will be directed towards creating a local presence in the US. This includes purchasing materials, establishing a supply line, and building a warehouse.

The funds raised from this round will be mainly allocated towards the manufacturing of ÖÖD Mirror Houses, which will either be operated by ÖÖD or by a local partner in return for a rental share. While a loan repayment may be exercised at any point in time, we do not intend to use the funds raised from this round to repay these debt obligations.

ÖÖD Group Goals

ÖÖD Group has a clear ambition to provide travellers across the world (Africa, Asia, Australia, Europe, North America and South America) with a novel hospitality offering. ÖÖD is seeking to combine unique and exciting locations with private and beautiful spaces, adventure, and luxury.

Our vision for the next 10 years is to have more than 10,000 ÖÖD Mirror Houses deployed in beautiful locations around the world, and a centralised platform from where reservations can be made by users and managed by clients.

ÖÖD Mirror Houses Investment Opportunity

Capital at Risk

Read Next
The information about the investment opportunities profiled on this website is provided for general information and marketing purposes only and should not be considered an invitation or inducement to engage in any investment activity. Complete and comprehensive information about an investment opportunity is only available only to investors who have been approved by a Funderbeam group entity.

You should ensure you carefully read the Risk Disclosure Statement before deciding to proceed with any investment or transaction, including making a purchase of securities via the Marketplace. Funderbeam has taken steps to ensure that company and securities offering information is clear, fair and not misleading in accordance with its internal verification procedures. Funderbeam does not provide investment advice or any recommendation to invest. Any investment opportunity on this website should not be considered as an offer to the public and is not directed at or offered to anyone to whom it may not be so directed or offered, or located in a jurisdiction where it is unlawful to do so.

It is important to note that funds are raised, investments are made and trade orders are placed through three investment firm service provider entities: Venturebeam Markets AS (VBAS) (authorised and regulated by the Estonian Financial Supervision Authority under permit 4.1-1/212), Venturebeam Markets Limited (VML (authorised and regulated by the UK Financial Conduct Authority under FRN 794918), and Venturebeam Markets Pte. Ltd., (VB Pte) (licensed and regulated by the Monetary Authority of Singapore under Capital Markets Services (CMS) license CMS100863). VBAS and VML are MIFID investment firms.

This page provides you with an overview of the services provided by different entities belonging to Funderbeam group. In the pages of this website, platform, and documents located on these pages (save to where referred otherwise), we generally refer to the group, which includes group of entities being direct or indirect subsidiaries of Funderbeam Ltd, including VBAS, VML, and VB Pte, as “Funderbeam”, “we”, “us” or “our”.

A Funderbeam client (whether investor or company) is a client of the service provider and under the protection of the requirements of the regulator under which that service provider operates: An EEA client’s service provider is VBAS, a UK/ non-EEA/ non-Singapore client’s service provider is VML, and a Singapore client’s service provider is VB Pte.

The applicable Funderbeam service provider has, prior to the offering of the investment offer on its Platform, verified from public registries in reasonable levels of due diligence, notwithstanding the due diligence which is also performed by the Lead Investor where applicable, which will cover at the minimum: a. that the project owner has no criminal record in respect of infringements of national rules in fields of commercial law, insolvency law, financial services law, anti-money laundering law, fraud law or professional liability obligations in all jurisdictions where practicable for such checks to be conducted; b. that the project owner is not established in a non-cooperative jurisdiction, or in a high-risk third country as set out by the Financial Action Task Force (“FATF”), and/or other government directives in jurisdictions where Venturebeam is operating.

The Marketplace is operated as an organised market by VB Pte., in Singapore as a Recognised Market Operator (RMO) under the supervision of the Monetary Authority of Singapore. VBAS and VML are Trading Members of the RMO’s Marketplace. Access to the Marketplace for EEA and non-EEA clients is only provided by and through such clients’ service provider (ie VBAS or VML). The Marketplace does not provide services directly to investors outside Singapore.

With respect to any securities or investments offered by a US domiciled Fundraising Company, by visiting this site you confirm you are not a US resident or US person (as defined in Regulation S of the U.S. Securities Act of 1933) and you understand and agree that you are not acquiring any Investments for the account or benefit of any such US resident or US person. No investment opportunity in a US domiciled Fundraising Company is directed at US persons.