Habyt says it has successfully closed on a €40 million funding vehicle in led by Mars Growth Capital, a joint venture of MUFG and Liquidity Group.
According to the company, thmoney will be used for Habyt‘s expansion strategy, primarily through targeted acquisitions.
Founded in Berlin in 2017, Habyt is a co-living provider ranging from shared units to single bedroom flat-style living.
The company’s portfolio extends to “approximately 30,000 residential spaces in more than 50 cities around the world across three continents, including the United States, Europe, and Asia.”
The recent financing emphasizes Habyt’s net revenue annual growth and clear path to cash flow positivity, tracking to “achieve group level profitability this year, as well as its strong investor base comprised of Europe’s largest VCs.”
The company is also looking to “add EBITDA-generating portfolios to the group and is currently in discussion with multiple targets to close at least one transaction by the end of the year.”
Amidst the ongoing growth potential in Germany and across Europe as a whole, Liquidity remains committed “to seizing opportunities within the region.”
The transaction, under Liquidity’s Mars Unicorn fund, “underscores the firm’s strong commitment to the German market, marking its second significant deal in the country this year.”
