Global co-living provider Habyt raises €2M and acquires Madrid’s Erasmo’s Room

Berlin-based Habyt has received €2 million as debt financing from Spanish asset manager Inveready. Thanks to this investment the startup has closed its second acquisition of 2020, buying Madrid-based co-living player Erasmo’s Room.

Habyt develops and manages comprehensive, community-driven and technologically empowered co-living spaces. The startup currently offers three products and services including co-living, apartment sharing and private accommodation. Habyt was founded in 2017 by CEO Luca Bovone with the idea to simplify the process of finding a place to live and all related administrative issues. 

Starting with one apartment in Berlin, the startup has grown by over 300% only in 2020 and now operates in Barcelona, Lisbon, Milan. With the purchase of Erasmo’s Room, it also expanded the footprint to Madrid and became the leading co-living provider in Spain, having over 500 rooms locally and thousands in Europe, Bovone said.

As Habyt maintains, the deal represents clearly the startup’s strategy of expanding and consolidating its presence in Spain and in Europe.