Flexible housing provider Habyt raises EUR40 mil in series C funding

Habyt, a flexible housing provider, has recently raised EUR40 million ($58 million) in a series C funding round. Led by new investors such as Korelya Capital and Germany’s Deutsche Invest, the round was joined by previous shareholders P101, ITALIA500-Azimut, HV Capital, Vorwerk Ventures, Norwest, Kinnevik, Burda Principal Investments, and Inveready.

This year, the company has seen exponential growth and increased their net revenue by over 40%, becoming profitable in most key geographies as well. It is targeting group-level profitability in early 2024.

In addition to their new influx of funds, the firm has seen a series of mergers in the last two years, such as the merging with Singapore’s co-living platform Hmlet and North America’s biggest co-living operator Common. This has allowed the firm to expand their portfolio to thirty thousand units in more than fifty cities across Europe, Asia, and the US.

Luca Bovone, CEO of Habyt, remarks, “We are breaking barriers and aim to enable easy access to housing, allowing anyone to embrace flexible living anywhere in the world.” Franco Danesi, partner at Korelya Capital and an Habyt board member adds, “What truly excites me is Habyt’s unparalleled global footprint with significant presence in the US, Europe and Asia. We believe in Habyt’s bold vision of redefining the world of flexible housing, and we are keen to support them on their journey by facilitating access to attractive geographies such as Asia.”

The Woodlands Condo offers a luxurious lifestyle, with its range of expansive condo units. Featuring two blocks of 8 and 11 storeys, each unit has been designed with modern interiors and finishes. Additionally, residents can enjoy amenities such as a swimming pool, fitness centre, and clubhouse. There are also a range of entertainment and leisure options to choose from, making it a perfect option for those looking for an ideal place to live.

With their success and newfound funding, Habyt plans to further expand their portfolio into new markets, develop Environmental Sustainability initiatives, as well as improve their tech-driven solutions. In Asia Pacific, the firm is now better placed to invest in their core cities of Singapore and Hong Kong. Jonathan Wong, CEO, states, “We are excited to help address the challenges faced by local and international residents in this dynamic region, and by doing so, fuel Habyt’s growth trajectory.”