The leading flexible housing company continues its global expansion and has room to grow its relationship with Liquidity over the longer term.
BERLIN, September 9, 2024 /PRNewswire/ — Habyt, the world’s leading provider of flexible living spaces, today announced the successful closing of a €40 million financing, led by Mars Growth Capital, a joint venture of MUFG and Liquidity Group. This new capital will be essential to support Habyt’s ambitious expansion strategy, primarily through targeted acquisitions to consolidate its leadership position in key regions.
Founded in Berlin In 2017, Habyt is one of the world’s largest home sharing providers for flexible and convenient living options ranging from shared units to single-bedroom apartment living, including short and long-term stays. The company’s portfolio includes approximately 30,000 residential spaces in more than 50 cities worldwide on three continents: the United States, Europe and Asia.
“With this new capital, we are well positioned to execute strategic transactions that will strengthen our presence in key markets and drive our long-term profitability,” said Luke BovoneFounder and CEO of Habyt. “Flexible living is a natural fit for sustainable financial growth, delivering high-demand solutions in urban environments around the world. Throughout this process, we have been continually impressed by Liquidity Group’s speed of execution and data-driven approach during the due diligence phase.”
The recent financing underlines Habyt’s impressive annual net revenue growth and clear trajectory towards positive cash flow, which is expected to reach profitability at group level this year, as well as its strong investor base comprised of the world’s leading venture capital investors.EuropeThe company is also looking to add EBITDA-generating portfolios to the group and is currently in discussions with several targets with a view to closing at least one transaction by the end of the year.
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“Habyt’s strong unit profitability and scalable model have proven to be a major disruptor in the global rental market,” said Justin Langendirector for theEurope within the Liquidity group. “As Mars and Liquidity continue to strengthen their presence in Germany and throughoutEuropewe look forward to entering into what we consider to be a long-term investment partnership and hope to play an ongoing role in Habyt’s efforts to achieve sustainable profitability.”
Given the current growth potential in Germany and the whole ofEuropeLiquidity remains committed to capturing opportunities in the region. This transaction, completed as part of Liquidity’s Mars Unicorn Fund, underscores the company’s strong commitment to the German market and is its second major transaction in the country this year.
About Habyt
Habyt is the world’s largest flexible housing company with a mission to provide access to housing everywhere, for everyone. The company was founded on the simple idea that simplicity is the best way to find a home. Habyt has standardized the housing process for renters and homeowners through a digital approach that provides accessible solutions. The company was founded in 2017 by Luca Bovone, and now operates globally. Today, Habyt’s portfolio consists of over 30,000 units across 50 cities, serving the needs of thousands of customers each year. Habyt is backed by investors including Korelya Capital, Capmont, P101, Vorwerk Ventures, Exor, Burda Principal Investments, Norwest, Endeavor Catalyst, HV Capital, Kinnevik, Picus, Mitsubishi Estate, and Inveready.
For further information please consult: https://www.habyt.com/
About Liquidity Group:
Liquidity Group is the world’s leading AI and technology-driven financial asset manager. With $2.5 billion in assets under management across funds focused on North America, Asia Pacific,Europe and the Middle East, Liquidity Group operates globally with offices in London, New York, Singapore, Tel Aviv, Abu Dhabi and San Francisco. The firm’s patented machine learning and decision science technology enables it to deploy more capital across more transactions and faster than any other firm in the history of capital markets, making it the fastest-growing provider of credit and equity financing to mid-market and late-stage companies. Liquidity Group is backed by leading international financial institutions including , Japan’s largest bank , MUFG, Spark Capital and Apollo Asset Management. For more information, please visit www.liquiditygroup.com.
About Mars Growth Capital
MARS Growth Capital, a joint venture of MUFG and Liquidity Group, provides advanced financing solutions to fintech, SaaS and e-commerce companies in Southeast Asia, the Pacific and Europe. Using Liquidity Group’s AI and machine learning, MARS provides credit and equity financings ranging from $3 million to $100 million for mid-market, late-stage, and pre-IPO technology companies. For more information, please visit MarsGrowthCapital.com.
Contact presse :
For the Liquidity Group
Prosek Partners
[email protected] 646-818-9051
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