Germany: Berlin-based accommodation provider Habyt has secured €40 million in financing, led by Mars Growth Capital, a joint venture of MUFG and Liquidity Group.
The new capital will support Habyt’s expansion strategy, primarily through targeted acquisitions.
Founded in Berlin in 2017, Habyt is one of the world’s top coliving providers for flexible and convenient living options ranging from shared units to single bedroom flat-style living, including both short and long stays. 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.
“With this fresh capital, we are well-positioned to pursue strategic deals that will strengthen our presence in key markets and drive our long-term profitability,” said Luca Bovone, founder and CEO of Habyt. “Flexible living is naturally a model that aligns with sustainable financial growth, offering high-demand solutions in urban environments worldwide. Throughout this process, we have been continually impressed by Liquidity Group’s quick execution and data-driven approach during the due diligence phase.”
The company says it is on track to achieve group level profitability this year and is looking to add EBITDA-generating portfolios to the group. It is currently in discussion with multiple targets to close at least one transaction by the end of the year.
“Habyt’s strong unit economics and scalable model have proven to be a major disruptor within the global rental market,” said Justin Langen, director, Europe at Liquidity Group. “As Mars and Liquidity continue to strengthen their presence in Germany and across Europe, we look forward to beginning what we see as a long-lasting investment partnership and hope to play an ongoing role in Habyt’s push towards sustained profitability.”
The new funding follows a €40 million Series C funding round in October last year.
