{"id":109298,"date":"2019-07-24T11:18:18","date_gmt":"2019-07-24T04:18:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-living-hmlet-raises-us40m-series-b-funding\/"},"modified":"2019-07-24T12:03:27","modified_gmt":"2019-07-24T05:03:27","slug":"co-living-hmlet-raises-us40m-series-b-funding","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-living-hmlet-raises-us40m-series-b-funding\/","title":{"rendered":"Co-living Hmlet Raises US$40m Series B Funding"},"content":{"rendered":"


\nHmlet, a Singapore-based co-living operator, has raised US$40 million in a Series B round, which was led by Burda Principal Investments, reported The Business Times.
\nThe round was also joined by existing investor Sequoia India, new investors Reinventure Group, Mitsubishi Estate Co as well as angel investors.
\nThe funds will be used to boost the company\u2019s growth in existing markets Singapore, Sydney and Hong Kong. Plans for launch in Tokyo, Brisbane and Melbourne are also in the pipeline.
\nIn Singapore, the company launched its 150-room property within the Tanjong Pagar, Cantonment Downtown CBD precinct. With the rooms operating as serviced apartment units, the property will be the largest co-living building of Hmlet to date.
\nFounded in 2016, Hmlet raised a US$6.5 million Series A in November 2018 and US$1.5 million in a seed round in 2017.
\nThe company currently manages more than 1,500 rooms and is eyeing to \u201cbuild a network that spans across 10 cities in five countries within the next two years\u201d.
\n\u201cWhen we launched Hmlet, we wanted to create a better way of living for an increasingly mobile workforce, who want a sense of home and community in whichever country they choose to live in,\u201d said Hmlet CEO Yoan Kamalsk.
\n\u201cWe\u2019ve seen our philosophy and operational model resonate with the market, which has allowed us to secure our Series B funding less than 12 months after our Series A round.\u201d
\nAside from Hmlet, Burda Principal Investments has also invested in other Series B stage companies within the region including Singapore\u2019s Zilingo and Malaysia\u2019s Carsome.
\nOpened in Singapore in 2017, Burda is the growth capital arm of international tech and media company Hubert Burda Media.
\nLooking to buy a new condo but not sure where to start? Get insight on the best locations for your new home with our\u00a0AreaInsider\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Co-living Hmlet Raises USm Series B Funding<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hmlet, a Singapore-based co-living operator, has raised US$40 million in a Series B round, which...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109298","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sqS","jetpack-related-posts":[{"id":105901,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hmlet-to-open-largest-co-living-property-in-july\/","url_meta":{"origin":109298,"position":0},"title":"Hmlet to open largest co-living property in July","date":"April 9, 2019","format":false,"excerpt":"\r Featuring over 150 rooms operated as serviced apartments, the property will also come with a swimming pool, gym and an all-day in-house Cafe concept. Co-living company Hmlet has partnered with real estate group LHN to design and renovate its new property within the Tanjong Pagar\/Cantonment Downtown CBD precinct. This\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-living-gains-traction-in-asia\/","url_meta":{"origin":109298,"position":1},"title":"Co-living gains traction in Asia","date":"January 19, 2018","format":false,"excerpt":"\r Hmlet\u2019s co-living space in Joo Chiat, Singapore. (Photo: Hmlet) Co-living is gaining popularity among millennials in Asia, especially in markets such as Hong Kong and greater China, where housing cost remains high, revealed a JLL report. This comes as co-living offers an affordable alternative to sharing a rental unit,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109258,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-dont-know-if-ill-ever-buy-my-own-house-ceo-of-a-co-living-firm\/","url_meta":{"origin":109298,"position":2},"title":"I don't know if I'll ever buy my own house: CEO of a co-living firm","date":"July 23, 2019","format":false,"excerpt":"\r Yoan Kamalski of Hmlet explains how his co-living company brings more value for money for its customers. He also says he has heard people saying that they would rather rent for the rest of their lives instead of buying a home.\r \r Source : cnbc.com\r Read more...I don't know\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105925,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/co-living-gaining-traction-in-singapore\/","url_meta":{"origin":109298,"position":3},"title":"Co-living gaining traction in Singapore","date":"April 10, 2019","format":false,"excerpt":"\r A new survey shows that convenience, location and affordability are the main reasons current users choose co-living. While it is still in its early stages of development, the co-living sector in Singapore is expected to appeal to a broader user base over time \u2013 opening up new opportunities for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105965,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-flexible-living-space-allows-occupants-to-sleep-under-the-stars\/","url_meta":{"origin":109298,"position":4},"title":"New flexible living space allows occupants to sleep under the stars","date":"April 11, 2019","format":false,"excerpt":"\r Aerial view of the Chinatown area where Kesa House is located. A new \u2018flexible living\u2019 concept has arrived in Singapore, right in the midst of Keong Saik\u2019s shophouses, reported Business Insider. But unlike co-living spaces offered by Hmlet, homes at Kesa House appear more like serviced apartments but with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/short-flexible-leases-pose-big-risk-to-co-living-startups\/","url_meta":{"origin":109298,"position":5},"title":"Short flexible leases pose big risk to co-living startups","date":"November 11, 2019","format":false,"excerpt":"\r A majority of co-living startups rent their residential units from landlords, then later sublet the units. Analysts believe that this business model is extremely volatile.\u00a0 Short flexible leases could be co-living\u2019s largest risk factor in its business model, reported Business Times. Analysts said despite such leases being considered as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109298"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109298"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}