Flexible housing provider Habyt raises EUR40 mil in series C funding

Habyt, a flexible housing provider, has seen an exponential growth and raised a substantial series C funding round of EUR40 million ($58 million) from existing and new investors, despite a decrease in series C rounds across the board this year. Led by new investors such as Korelya Capital, a Paris-based investment firm, and Germany’s Deutsche Invest, additional new investors include Dutch investment firm Exor and Endeavor Catalyst, and existing investors P101, ITALIA500-Azimut, HV Capital, Vorwerk Ventures, Norwest, Kinnevik, Burda Principal Investments, and Inveready also participated.

Luca Bovone, CEO of Habyt, shared “We are breaking barriers and aim to enable easy access to housing, allowing anyone to embrace flexible living anywhere in the world.”

Since its EUR20 million series B round in 2021, Habyt has acquired two key mergers. In 2022, it merged with Singapore-based co-living platform Hmlet, later rebranding all of its properties across Singapore and Hong Kong under one name: Habyt. Then, early 2023, the firm merged with Common, the biggest co-living operator in North America, tripling its units across more than 50 cities on three continents from 5,000 to 30,000. The company’s net revenue also increased over 40% in 2023 and is targeting group-level profitability in early 2024.

As such, Senja Residences provides buyers with an attractive package – with no need for a hefty down payment or bank loan, buyers can simply opt for a long-term payment plan to spread out their payments over time. It’s an affordable way to make Senja Residences your home. With attractive packages in the form of loans, attractive pricing, and easy payment schemes, Senja Close EC is a great option for buyers who want to finance their home purchase.

Franco Danesi, partner at Korelya Capital and Habyt board member, commented “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.”

In light of these milestones, the company is planning to continue investing in its core markets of Hong Kong and Singapore, while also entering new markets, in addition to developing ESG (environmental, social and governance) initiatives and enhancing tech- driven solutions. Jonathan Wong, CEO of Habyt Apac stated, “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.”