Habyt joins forces with GoLiving to create the leading co-living provider in Europe
The merger marks the next step towards building Europe’s leading co-living provider ** GoLiving’s portfolio, team and technology will be integrated under Habyt’s brand **
Leading investors P101 and Picus Capital bringing in 6 millions
Berlin, July 22nd. Two market leaders, one vision: Habyt, Europe’s leading co-living provider, is merging with the Berlin based GoLiving. The strategic merger strengthens Habyt’s position as European market leader by consolidating GoLiving’s Team and expertise within Habyt’s established international presence. Habyt provides fully equipped apartments with an all-inclusive offer focused on design and community
“We are very excited to welcome GoLiving to the Habyt family. With this move, we are going to be the driving force for the further digitalization of the real estate industry”, enthuses Habyt CEO, Luca Bovone. “With the solid backing of our investors we can further accelerate growth in this market, together with the GoLiving team.”
Founded in 2017 by Luca Bovone, Habyt led the market in the past years, showing excellent top line growth rates of 300% year over year. With more than 500 units in Berlin, Madrid, Milan and Lisbon, Habyt will reach the 1.000 units mark by the end of this year. To reach this ambitious target the two co-living specialists will pool their teams, technology and know-how.
The market for co-living offers is huge. The real estate consultants Cushman & Wakefield forecasted recently, that the proportion of single households in Germany will increase from 42 to 44 percent by 2035. Many of these people are looking for community. In addition, the needs of young professionals are changing: there are more and more digital nomads who work from any location and do not want to be tied to one place of residence for a long time. Also, with increasing urbanisation, the demand for apartments in the big cities is growing – a demand, which won’t be met, as free spaces are rare. “Promising opportunities that can turn co-living into a sustainable, growing asset class”, says Bovone.
Additionally, Picus Capital, P101 and new investor Italia500 are supporting the merger with further capital, contributing a total of 6 Million Euro in this round. “With the merger Habyt and GoLiving will be combining state of the art technology with excellent industry know-how to realize the long term vision of 10.000 rooms by 2024 all across Europe. We are excited to keep investing and support the company and the exceptional team on its way there,” Robin Godenrath, Managing Partner at Picus Capital. “We have supported Habyt since the early days and are very happy to see Luca and the team consolidating their role as leader in Europe.” Giuseppe Donvito, Partner at P101.
The GoLiving co-founders Tobias Brühne and Hasib Samad will lead the integration into a unified entity and continue their involvement with Habyt.
“With Habyt we share the same goal: Building Europe’s leading co-living provider. GoLiving has been leading the category in terms of product design and technology, which are at the core of Habyt values. We wanted to seize the opportunity to form an even more resilient business by joining forces and create the leading European co-living provider”, Brühne, co-founder and CEO of GoLiving, concludes.