Leading flexible housing company to continue
global expansion, with headroom to grow the relationship with
Liquidity longer-term
BERLIN, Sept. 9, 2024 /PRNewswire/ -- Habyt, the
world's leading provider of flexible living spaces, today announced
the successful closing of 40 million
EUR in financing, led by Mars Growth Capital, a joint
venture of MUFG and Liquidity Group. This new capital will be
pivotal in supporting Habyt's ambitious expansion strategy,
primarily through targeted acquisitions aimed at consolidating its
leadership position across key regions.
Founded in Berlin in 2017,
Habyt is one of the world's top co-living 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 recent financing emphasizes Habyt's impressive net revenue
annual growth and clear path to cash flow positivity, tracking to
achieve group level profitability this year, as well as its strong
investor base comprised of Europe's largest VCs. The company is also
looking to add EBITDA-generating portfolios to the group and 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."
Amidst the ongoing growth potential in Germany and across Europe as a whole, Liquidity remains committed
to seizing opportunities within the region. The transaction, under
Liquidity's Mars Unicorn fund, underscores the firm's strong
commitment to the German market, marking its second significant
deal in the country this year.
About Habyt
Habyt is the largest global flexible living company with a
mission to provide access to housing anywhere, for everyone. The
company was founded on the simple idea that simplicity is best when
it comes to finding a house. Habyt has standardised the housing
process for both tenants and landlords with a digital-first
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 in 50
cities, supporting thousands of customers every 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 more information, please
visit: https://www.habyt.com/
About Liquidity Group:
Liquidity Group is the leading AI-driven tech-enhanced financial
asset management firm in the world. With $2.5B AUM 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 through more deals faster than any firm in capital markets
history, establishing it as the fastest-growing provider of credit
and equity financing to mid-market and late-stage companies.
Liquidity Group is backed by leading global financial institutions
including Japan's largest bank, MUFG, Spark Capital, and
Apollo Asset Management. For more information,
visit www.liquiditygroup.com.
About Mars Growth Capital
MARS Growth Capital, a joint venture between MUFG and Liquidity
Group, provides advanced financing solutions to fintech, SaaS, and
e-commerce businesses in Southeast
Asia, the Pacific, and Europe. Utilizing Liquidity Group's AI and
machine learning, MARS offers credit and equity financing ranging
from $3 million to $100 million for mid-market, late-stage, and
pre-IPO technology companies. For more information, visit
MarsGrowthCapital.com.
Media Contact:
For Liquidity Group
Prosek Partners
pro-liquiditygroup@prosek.com
646-818-9051
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