Habyt Group is a leading global co-living operator formed through the merger of Habyt, formerly the largest co-living company in Europe and Asia, and Common, previously the biggest co-living operator in North America. The combined entity operates over 30,000 units ranging from co-living spaces, studios, and traditional rental apartments across over 40 cities and 14 countries spanning three continents as of January 2023.
Habyt Group's business model involves signing long-term leases and renting out bedrooms in furnished and shared apartments, while also managing traditional apartments under revenue-sharing agreements with landlords. The company aims to provide a tech-enabled living experience, allowing customers to access services at the touch of a button and move effortlessly between countries with no hassle.
Both Habyt and Common experienced threefold business growth in 2022, and the merged entity anticipates doubling its operations in 2023, with plans to turn profitable during the same year. Prior to the merger, Habyt had raised over USD 50 million from investors including Burda Principal Investments, Sequoia Capital, and Vorwerk Ventures, while Common had secured over USD 110 million in venture capital funding.
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