According to Crunchbase, an "analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so."
The Crunchbase chart below shows startups some of the startups who've recently raised capital.
The article points out that most of these startups are selling community in addition to housing. Key quote:
"...today’s shared housing startups are selling another vision. It’s not just about renting a room; it’s also about being part of a community, making friends, and exploring a new city. One of the slogans for HubHaus is “rent one of our rooms and find your tribe.” ... Starcity pitches itself as an antidote to loneliness. “Social isolation is a growing epidemic—we solve this problem by bringing people together to create meaningful connections.""
In addition to the companies in the article, there are a few more notable co-living firms worth mentioning.
Common, which currently has 14 shared living sites and over 400 members, recently raised $40 million to help fund their expansion.
And, of course, the coworking giant WeWork continues to invest in their WeLive co-living effort.
The co-living movement continues to gain traction. Euromonitor International even lists it as one of their top consumer trends for 2018.
We agree with HubHaus that "finding your tribe" is powerful value proposition. If co-living can deliver on this the sector will no doubt be successful.
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