Berlin-based proptech startup Habyt acquires homefully and raises €20 million Series B

Habyt's CEO & co-founder Luca Bovone, and co-founder Giorgio Ciancaleoni

Berlin-based proptech startup Habyt has today announced closing both its third acquisition of 2021, and a Series B round of €20 million.

Founded in 2017, Habyt is one of the leading European co-living providers, operating in 6 countries (Germany, the Netherlands, Spain, Italy and Portugal), with 5000 units across 15 cities. Habyt’s mission is to build the best housing experience via great design, community and simplicity, everywhere in the world. Habyt’s product consists of fully furnished, fully serviced private and shared accommodation enabled via a fully digital experience.

Now Habt has acquired Frankfurt-based homefully, a co-living solution that matches international professionals. Founded in 2016, the company provides and operates co-living spaces in prime locations across all 7 cities in Germany and Switzerland. The company caters towards professionals, digital nomads and cosmopolitans who seek convenience, flexibility and community in their living spaces and offers their customers a fully digitalized customer journey, Today, homefully has more than 1,000 units under management and 1.000+ in the pipeline.

The two companies have joined forces to further tap into economies of scale and to consolidate their investor base.

Both companies offer a new concept of living in a city via fully furnished and serviced living units, coupled with a tech enabled user-experience and a focus on community. They tailor this product to the same target group, that of the young professionals between 20-35 years old. The vision is to bring a housing experience that is transparent, simple, and enjoyable to even more customer groups and at a global scale, allowing members of the community to seamlessly change home, city, country or continent while remaining connected with the community they build throughout their journey.

Sebastian Wuerz, Founder of homefully, said: “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.”

Additionally, Habyt has just raised €20 million in a Series B round from HV Capital, Vorwerk Ventures, P101 and Picus Capital. The round was participated in by HV Capital (fka. Holtzbrink Ventures). Luca Bovone, Founder and CEO of Habyt, said: “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. This €20 million Series B round really opens our doors to keep building Habyt both via organic growth and via more M&As. We are now looking at strategic targets in Europe, specifically in France and Italy, and also in other continents, especially in Asia.

Felix Kluehr, Partner at HV, commented on the round: “We are happy to see that Habyt has emerged as the leading player in the European co-living market and HV is excited to support the team in their ambitious plan to build the leading European coliving company”.

“We have supported the team and Luca’s vision since the early days and we are happy to see it turning into reality with this new acquisition and financing round as Habyt establishes itself as the go-to brand for co-living”, said Giuseppe Donvito, partner at P101 and member of the board.

Dirk Meurer, Partner at Vorwerk Ventures, is also looking forward to the development of the market: “The co-living market will be even more popular in the future. Benefiting due to the pandemic, more and more people are able to work – and live – from anywhere. Habyt and homefully offer an uncomplicated and inexpensive way to put this plan into practice – and at the same time to be part of a community and thus to find a direct connection. We look forward to continuing to support the founders and accompanying the team on their journey to becoming the leading international co-living provider. “