Habyt and Common merge

According to the company, this will create the world's leading co-living provider. The aim is to double the business by 2023.

The co-living companies Habyt and Common are merging. Together, they say they have locations on three continents, in 14 countries and 40 cities. In total, they operate 30,000 residential units, including co-living, rental apartments and studios. Habyt mainly operates on the European and Asian markets, while Common works mainly in North America.

The aim is to become profitable in the current year. According to their own statements, both companies doubled their turnover in 2022. They expect a similar development in 2023. Common has raised a total of more than 110 million US dollars in venture capital investments since it was founded in New York in 2015. Habyt was founded in 2017 by Luca Bovone in Berlin and is backed by well-known investors such as P101, Vorwerk Ventures and Sequoia.

"This creates the first truly global co-living operator," says Common founder and Chairman Brad Hargreaves. Habyt founder and CEO Bovone is similarly enthusiastic: "Our new combined resources provide a digital, simple solution for accessing rental properties around the world." Until now, paperwork and bureaucracy have too often hindered this.