Global flexible housing provider Habyt has raised €40 million in a series C round as the Berlin-based company pursues global expansion.
This round of investment is led by new investors, Paris-based Korelya Capital and Munich-based Deutsche Invest.
Also taking part were new investors Exor Ventures, Endeavor Catalyst and existing shareholders P101, ITALIA500-Azimut, HV Capital, Vorwerk Ventures, Norwest, Kinnevik, Burda Principal Investments, and Inveready.
The company has grown from 5,000 units in 18 cities last year to 30,000 units across more than 50 cities in three continents. Since its series B in 2021 it has also expanded into the North American and
Asian markets.
With 70 per cent of Habyt’s clients being
internationals relocating for study or work, and 30 per cent local
people, Habyt offers co-living, apartment rentals, and has expanded into
short term stays.
This year it opened the Habyt – The Waterfront, Berlin (pictured), its first aparthotel offering in Europe, and also had
openings in France and Austria, adding a further 1,050 units to
its portfolio.
With its new round of funding, Habyt aims to continue expanding its
portfolio by entering new markets and further developing ESG initiatives. It plans to add
London and other key markets to its map in the coming year.
Luca
Bovone, CEO of Habyt said: "We have seen exponential growth and raised a
significant series C with support from existing and new investors,
despite a drop in series C rounds across the board this year.”
Giuseppe
Donvito, partner, P101, added: "We're proud to be part of Habyt's
mission to revolutionise the flexible housing market. Habyt offers a
fresh approach to addressing the global housing challenge, catering to
the needs of a growing segment of young professionals living on the go."