Habyt and Common merge

According to the company, this will make it the world's leading co-living provider. In 2023, the business is to be doubled.

The co-living companies Habyt and Common are merging. According to their own statements, they jointly 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 operates primarily in the European and Asian markets, while Common operates largely in North America.

The goal is to become profitable in the current year. According to their own figures, both companies doubled their sales in 2022. They expect a similar development in 2023. Common raised a total of more than $110 million in venture capital investments since it was founded in New York in 2015. Habyt was founded by Luca Bovone in Berlin in 2017 and is backed by notable investors including 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 excited: "Our new combined resources provide a digital, simple solution for accessing rental properties around the world." Until now, paperwork and bureaucracy too often hindered this.