Guess how much cash co-living startups have raised in the past year

Doubting the viability of the shared living concept? Here's how much investors think it's worth

New York Weekend Edition /
May.May 20, 2018 11:30 AM

(Credit from back: U.S. Air Force photo Airman 1st Class Emerald Ralston; Pixabay)

Does $78 million surprise you?

That’s what a handful of co-living and short-term rental startups between New York and San Francisco have raised in funding rounds over the past year, according to TechCrunch–and it’s not an exhaustive list. (For example, Common’s infusion of $40 million from a funding round, first reported by The Real Deal late last year, was not included.)

It would likely surprise many people as co-living has been branded a dorm-style environment for adults who live more like college students, but it’s increasingly winning over the real estate industry and, evidently, venture capital firms.

During a panel on Brooklyn’s multifamily market last week, Duke Properties’ CEO Albert Dweck said he felt confident the concept would live up to the hype, despite the naysayers.

“That’s what an emerging market or an emerging trend looks like in the beginning,” he said. “No one knew what an iPod was when they had a CD sitting next to it. This is the same kind of thing.” [TechCrunch]Erin Hudson


Related Articles

arrow_forward_ios
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
Carl Liebert, CEO of kwx and Marc King, president of Keller Williams (V Foundation, Keller Williams)
Keller Williams has its best Q1 ever with $98B in sales
Keller Williams has its best Q1 ever with $98B in sales
Better.com CEO Vishal Garg (Better.com, iStock)
Mortgage lender Better to go public via SPAC merger
Mortgage lender Better to go public via SPAC merger
The Penthouse at 60 Broadway in Williamsburg. (Compass)
Brooklyn sees 41 luxury deals inked last week
Brooklyn sees 41 luxury deals inked last week
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
Elliman launches portal to streamline agent resources
Elliman launches portal to streamline agent resources
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...