Habyt, a leading provider of flexible living spaces, announced today €40 million in funding led by Mars Growth Capital (a joint venture of MUFG and Liquidity Group). This new funding round will support Habyt’s ambitious expansion strategy, primarily through targeted acquisitions to consolidate its leadership position across critical regions.
Launched in Berlin in 2017, Habyt is one of the world’s top co-living providers. It offers flexible and convenient living options ranging from shared units to single-bedroom flat-style living, including short and long stays. The company’s portfolio extends to approximately 30,000 residential spaces in over 50 cities worldwide across three continents, including the United States, Europe, and Asia.
The recent funding emphasizes Habyt’s impressive net revenue annual growth and a clear path to cash flow positivity, tracking to achieve group-level profitability this year. It also highlights the company’s solid investor base comprising Europe’s largest VCs. The company is also 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.
With the ongoing growth potential in Germany and across Europe, Liquidity focuses on seizing regional opportunities. And the deal, under Liquidity’s Mars Unicorn fund, underscores the firm’s strong commitment to the German market, marking its second significant deal this year.
KEY QUOTES:
“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. 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.”
– Luca Bovone, Founder and CEO of Habyt
“Habyt’s strong unit economics and scalable model have proven to be a major disruptor within the global rental market. 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.”
– Justin Langen, Director, Europe at Liquidity Group
