It’s a banner day at Berlin’s coliving platform Habyt, as they’ve closed a Series B round totaling €20 million, and have announced their third acquisition in six months, this time Frankfurt’s homefully. Let’s unpack.
On the acquisition front, Habyt has been on a bit of a bender as of late, with the company snapping up Erasmo’s Room and Quarters in the past six months alone, and Goliving roughly a year ago. By adding homefully to the list, Habyt gains 1000 additional living spaces to its roster and flies by the 5000 total units mark. The company reports that they’re not done yet, and are currently targeting France and Italy. And while it’s just next door, your author has to wonder if they haven’t already had eyeballs on Cohabs.
Financials of the deal were not disclosed.
“The coliving market is going through a consolidation phase and Habyt has really seized this opportunity quickly and effectively and is on the best track to become the leader of the sector at a global scale. Joining forces is a crucial step in this direction and I am very excited for the team to be part of this journey,” commented homefully founder Sebastian Wuerz.
Founded in 2017 by Luca Bovone, Habyt operates fully furnished, fully serviced private and coliving spaces in Germany, The Netherlands, Spain, Italy and Portugal. Targeting the 20 to 35-year-old market, Habyt offers a club-like experience, allowing members to seamlessly change home, city, country, or continent on a whim.
I’m not going to say digital nomad, but, …. ah to heck with it, Habyt is catering to the digital nomad crowd.
“We have been on an incredible journey in the past year and a half. In spite of less than perfect market conditions we have been able to grow a lot via a very successful M&A strategy that brought us into the position of leaders of our sector in Europe and that still has a lot of potential,” concludes Habyt CEO Luca Bovone.