NEON advises Habyt on Series B and simultaneous acquisition of homefully

17 June 2021 | NEON has advised Europe’s leading co-living provider Habyt on its €20 million Series B financing round and simultaneous acquisition of competitor homefully.

The Berlin-based company Habyt was founded by Luca Bovone in 2017 (Forbes 30 under 30) and after the acquisition of homefully, founded in 2016 by Sebastian Würz, now counts over 5000 units in 15 cities and 6 countries. After Erasmo’s Room, GoLiving and Quarters, this is the fourth acquisition within the last 12 months and it strengthens Habyt’s market leading position in Europe.

With the fresh capital from leading VC investors HV Capital, Vorwerk, P101, Picus Capital and Inveready, the company aims to drive further growth, both organically and through additional M&As (in Europe and Asia).

Background:
NEON is pleased to accompany Habyt on its expansion course as well as acquisitions (most recently the acquisition of Quarters) and financings, in addition to the ongoing advisory services.