Habyt: Series C for € 40 million with, among others, Vorwerk, Burda Principal and Deutsche Invest

Photo: Habyt Living Space (Photo © Habyt)
16. Octo­ber 2023

Berlin ‑Foun­ded in Berlin in 2017, Habyt is one of the world’s leading provi­ders of flexi­ble housing and curr­ently has over 30,000 units in more than 50 cities on three conti­nents. Habyt raises €40 million in Series C from new as well as exis­ting inves­tors. — This round is led by new inves­tors Korelya Capi­tal (Paris) and Deut­sche Invest (Munich). In addi­tion, new inves­tors Exor Ventures and Endea­vor Cata­lyst parti­ci­pa­ted, as well as exis­ting share­hol­ders P101, ITALIA500-Azimut, HV Capi­tal, Vorwerk Ventures, Norwest, Kinne­vik, Burda Prin­ci­pal Invest­ments and Inveready.

Habyt plans to use the freshly raised capi­tal for further expan­sion to be present in the UK and other new markets. Since the Series B finan­cing round in 2021, Habyt has streng­the­ned its posi­tion with mergers and acqui­si­ti­ons and has expan­ded into the North Ameri­can and Asian markets. In 2023, for exam­ple, Habyt acqui­red Common Living, a player in the North Ameri­can market, conso­li­da­ting its posi­tion in the market it had ente­red in 2022 with the acqui­si­tion of Singa­­pore-head­­quar­­te­­red Hmlet.

The YPOG team, led by Dr. Benja­min Ullrich and Tobias Lovett, has advi­sed various inves­tors in previous tran­sac­tions of Habyt.

About Vorwerk Ventures

Vorwerk Ventures is an inde­pen­dent €150 million venture capi­tal fund that emer­ged from the Vorwerk Group at the end of 2019 and is charac­te­ri­zed by a strong commit­ment to consu­­mer-facing and digi­tal compa­nies. Head­quar­te­red in Berlin, Vorwerk Ventures curr­ently mana­ges assets of nearly €400 million and is constantly on the lookout for promi­sing projects. Start­ing with seed and Series A invest­ments of € 1 million up to € 10 million, Vorwerk Ventures offers ongo­ing support and provi­des up to € 15 million for subse­quent finan­cing rounds.

About Burda Prin­ci­pal Investments

Burda Prin­ci­pal Invest­ments (BPI) provi­des long-term growth capi­tal for fast-growing digi­tal and tech­no­logy compa­nies. BPI is a divi­sion of Hubert Burda Media, one of Europe’s largest media and tech­no­logy groups, which has been successfully inves­t­ing in Inter­­net-orien­­ted compa­nies since 1998. BPI part­ners with visio­nary entre­pre­neurs who leverage Burda’s capi­tal, brands and indus­try exper­tise, parti­cu­larly in the areas of busi­ness expan­sion, inter­na­tio­na­liza­tion and loca­liza­tion. BPI has invest­ments in a port­fo­lio of highly successful and fast-growing digi­tal and tech­no­logy compa­nies in Europe, the U.S. and Asia, inclu­ding Vinted, Bloom & Wild, Carsome, Money­box, Zapp, Billease and others.

About Deut­sche Invest

Deut­sche Invest is an entre­pre­neu­rial alter­na­tive asset manage­ment plat­form with over € 4.0 billion in assets under manage­ment. Deut­sche Invest invests in Euro­pean targets with a parti­cu­lar focus on the DACH region (Germany, Austria, Switz­er­land). Deut­sche Invest is active in four invest­ment stra­te­gies: Capi­tal Solu­ti­ons, Special Situa­tions, Tech­no­logy and Real Estate. The team has privi­le­ged access to prime invest­ment oppor­tu­ni­ties with an attrac­tive risk-return profile. Deut­sche Invest’s approach is desi­gned for the long term and is based on trus­ting coope­ra­tion with all part­ners. As an inves­tor and owner with stra­te­gic and opera­tio­nal know-how, Deut­sche Invest is a relia­ble part­ner with high profes­sio­nal and clear ethi­cal standards.

About YPOG

YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax, Banking & Finance and Tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Colo­gne.

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