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
From left: Michael Dell with 25 Water Street, Alex Sapir with 261 Madison Avenue and Marc Holiday with One Madison Avenue (Getty, Edge Funds, Sapir Organization, SL Green)
Office properties (yes, office!) got Manhattan’s biggest December loans
Office properties (yes, office!) got Manhattan’s biggest December loans
From left: Anywhere's Ryan Schneider and Compass' Robert Reffkin (Getty, Compass, Anywhere Real Estate)
Brokerage bloat: Analysis ranks Compass, Anywhere among least efficient
Brokerage bloat: Analysis ranks Compass, Anywhere among least efficient
Haute & Boss's Victor Hernandez
Unfinished Vero Beach estate hits market for record $60M
Unfinished Vero Beach estate hits market for record $60M
(Photo Illustration by The Real Deal with Getty)
RealPage faces another class-action lawsuit, this time in Florida
RealPage faces another class-action lawsuit, this time in Florida
Prada CEO Gianfranco D’Attis and 16 Gould Street (Getty; Google Maps)
East Hampton board rejects Prada CEO’s request for 11 variances
East Hampton board rejects Prada CEO’s request for 11 variances
Wall Street sees some hope for resi firms
Watch: Wall Street sees some hope for resi firms
Watch: Wall Street sees some hope for resi firms
200 East 83rd Street, Alexa Lambert, Alison Black, Shelton Smith
Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales
Naftali’s 200 East 83rd Street tops Thursday’s 10 priciest resi sales
From left: Crown Proptech Acquisitions' Richard Chera, CIIG Partners' Gavin Cuneo and Michael Minnick (Getty, CIIG Partners)
Chera family SPAC is back on the hunt
Chera family SPAC is back on the hunt
arrow_forward_ios

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

Loading...