Berlin \u2014 Venture capi\u00adtal inves\u00adtors Burd\u00ada\u00adPrin\u00adci\u00adpal Invest\u00adments, Sequoia Capi\u00adtal India and Vorwerk Ventures are merging their port\u00adfo\u00adlio company and co-living opera\u00adtor Habyt with its US coun\u00adter\u00adpart Common. Habyt, as the largest co-living company in Europe and Asia, will join US market leader Common to form the largest global co-living operator.<\/p>\n
Foun\u00added in Berlin in 2017 and led by CEO Luca Bovone<\/strong>, Habyt Group<\/strong> is backed by major inves\u00adtors from around the world, inclu\u00adding P101, Vorwerk Ventures, DI Capi\u00adtal Solu\u00adti\u00adons, Burd\u00ada\u00adPrin\u00adci\u00adpal Invest\u00adments, Sequoia Capi\u00adtal India and Mitsu\u00adbi\u00adshi. Common is based in the U.S. and provi\u00addes stream\u00adli\u00adned manage\u00adment of multi\u00adfa\u00admily proper\u00adties through tech\u00adno\u00adlo\u00adgi\u00adcal, design and opera\u00adtio\u00adnal inno\u00adva\u00adtions. With more than $110 million in venture capi\u00adtal invest\u00adments, Common provi\u00addes excep\u00adtio\u00adnal expe\u00adri\u00aden\u00adces for renters in more than 10 metro\u00adpo\u00adli\u00adtan areas across the United States.<\/p>\n The merged company now opera\u00adtes in more than 40 cities and 14 count\u00adries on three conti\u00adnents, mana\u00adging more than 30,000 units ranging from co-living to studios to tradi\u00adtio\u00adnal rental housing. Both Habyt and Common tripled their busi\u00adness in 2022 and expect further growth in 2023. The new merged company is expec\u00adted to be profi\u00adta\u00adble as early as 2023.<\/p>\n About Burd\u00ada\u00adPrin\u00adci\u00adpal Investments About Sequoia India and Southe\u00adast Asia About Vorwerk Ventures Advi\u00adsors Burd\u00ada\u00adPrin\u00adci\u00adpal Invest\u00adments, Sequoia Capi\u00adtal India and Vorwerk Ventures: YPOG<\/strong> About YPOG Berlin \u2014 Venture capi\u00adtal inves\u00adtors Burd\u00ada\u00adPrin\u00adci\u00adpal Invest\u00adments, Sequoia Capi\u00adtal India and Vorwerk Ventures are merging their port\u00adfo\u00adlio company and co-living opera\u00adtor Habyt with its US coun\u00adter\u00adpart Common. Habyt, as the largest co-living company in Europe and Asia, will join US market leader Common to form the largest global co-living opera\u00adtor. Foun\u00added in Berlin in 2017 [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":47815,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1369,1373],"tags":[],"class_list":["post-47817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-venture-capital-en"],"yoast_head":"\n
\n<\/strong>
\nBPI is a unit of Hubert Burda Media that provi\u00addes long-term growth capi\u00adtal for fast-growing digi\u00adtal tech\u00adno\u00adlogy and media compa\u00adnies. Hubert Burda Media is one of the largest Euro\u00adpean media and tech\u00adno\u00adlogy groups, which has been successfully inves\u00adt\u00ading in Inter\u00adnet-based compa\u00adnies since 1998.<\/p>\n
\n<\/strong>
\nSequoia helps bold foun\u00adders build excep\u00adtio\u00adnal compa\u00adnies, from idea to IPO and beyond. Sequoia India and Southe\u00adast Asia actively works with foun\u00adders from a wide range of compa\u00adnies across all indus\u00adtries, inclu\u00adding BYJUs, Carou\u00adsell, Druva, GoTo, OYO Rooms, Toko\u00adpe\u00addia, True\u00adcal\u00adler, Zomato and nume\u00adrous others. By part\u00adne\u00adring with Sequoia, start\u00adups bene\u00adfit from over 50 years of expe\u00adri\u00adence and lessons lear\u00adned from early colla\u00adbo\u00adra\u00adti\u00adons with compa\u00adnies like Airbnb, Alibaba, Apple, Drop\u00adbox, Google, Linke\u00addIn and Stripe. From the begin\u00adning, univer\u00adsi\u00adties, foun\u00adda\u00adti\u00adons and other non-profit orga\u00adniza\u00adti\u00adons have formed the foun\u00adda\u00adtion of Sequoia\u2019s inves\u00adtor base. www.sequoiacap.com\/india\/ and www.sequoiacap.com\/sea\/.<\/p>\n
\n<\/strong>
\nVorwerk Ventures is an inde\u00adpen\u00addent venture capi\u00adtal fund that emer\u00adged from the Vorwerk Group at the end of 2019 and is charac\u00adte\u00adri\u00adzed by a strong commit\u00adment to consu\u00admer-facing and digi\u00adtal compa\u00adnies. Head\u00adquar\u00adte\u00adred in Berlin, Vorwerk Ventures curr\u00adently mana\u00adges assets of nearly \u20ac500 million and is constantly on the lookout for promi\u00adsing projects. Start\u00ading with seed and Series A invest\u00adments of \u20ac 1 million up to \u20ac 10 million, Vorwerk Ventures offers ongo\u00ading support and provi\u00addes up to \u20ac 15 million for subse\u00adquent finan\u00adcing rounds.<\/p>\n
\nDr. Benja\u00admin Ullrich (Co-Lead, Tran\u00adsac\u00adtions), Partner
\nTobias Lovett (Co-Lead, Tran\u00adsac\u00adtions), Senior Associate
\nDr. Tim Schl\u00f6s\u00adser (M&A), Partner
\nBarbara Hasse (M&A), Associate<\/p>\n
\n<\/strong>
\nYPOG is a specia\u00adlist tax and commer\u00adcial law firm opera\u00adting in the core areas of Funds, Tax and Tran\u00adsac\u00adtions. The YPOG team advi\u00adses a wide variety of clients. These include emer\u00adging tech\u00adno\u00adlogy compa\u00adnies and family-run medium-sized enter\u00adpri\u00adses as well as corpo\u00adra\u00adti\u00adons and private equity\/venture capi\u00adtal funds. YPOG is one of the leading addres\u00adses for venture capi\u00adtal, private equity and fund struc\u00adtu\u00adring in Germany. The firm and its part\u00adners are natio\u00adnally and inter\u00adna\u00adtio\u00adnally ranked by JUVE, Best Lawy\u00aders, Legal 500, Focus, and Cham\u00adbers and Part\u00adners. Today, YPOG employs more than 100 expe\u00adri\u00aden\u00adced lawy\u00aders, tax advi\u00adsors, tax specia\u00adlists and a notary in three offices in Berlin, Hamburg and Cologne.<\/p>\n","protected":false},"excerpt":{"rendered":"