Mars Growth Capital, by Liquidity and MUFG, Continues Expansion in Germany by Providing 40 Million EUR in Financing to Habyt
Habyt, the world's leading provider of flexible living spaces, today announced the successful closing of 40 million EUR in financing, led by Mars Growth Capital, a joint venture of MUFG, and Liquidity Group. This new capital will be pivotal in supporting Habyt’s ambitious expansion strategy, primarily through targeted acquisitions aimed at consolidating its leadership position across key regions.
BERLIN, September 9, 2024 – Habyt, the world's leading provider of flexible living spaces, today announced the successful closing of 40 million EUR in financing, led by Mars Growth Capital, a joint venture of MUFG, and Liquidity Group. This new capital will be pivotal in supporting Habyt’s ambitious expansion strategy, primarily through targeted acquisitions aimed at consolidating its leadership position across key regions.
Founded in Berlin in 2017, Habyt is one of the world's top co-living providers for flexible and convenient living options ranging from shared units to single bedroom flat-style living, including both short and long stays. The company’s portfolio extends to approximately 30,000 residential spaces in more than 50 cities around the world across three continents including the United States, Europe, and Asia.
“With this fresh capital, we are well-positioned to pursue strategic deals that will strengthen our presence in key markets and drive our long-term profitability,” said Luca Bovone, Founder and CEO of Habyt. “Flexible living is naturally a model that aligns with sustainable financial growth, offering high-demand solutions in urban environments worldwide. Throughout this process, we have been continually impressed by Liquidity Group’s quick execution and data-driven approach during the due diligence phase.”
The recent financing emphasizes Habyt’s impressive net revenue annual growth and clear path to cash flow positivity, tracking to achieve group level profitability this year, as well as its strong investor base comprised of Europe’s largest VCs. The company is also looking to add EBITDA-generating portfolios to the group and is currently in discussion with multiple targets to close at least one transaction by the end of the year.
“Habyt’s strong unit economics and scalable model have proven to be a major disruptor within the global rental market,” said Justin Langen, Director, Europe at Liquidity Group. “As Mars and Liquidity continue to strengthen their presence in Germany and across Europe, we look forward to beginning what we see as a long-lasting investment partnership and hope to play an ongoing role in Habyt’s push towards sustained profitability.”
Amidst the ongoing growth potential in Germany and across Europe as a whole, Liquidity remains committed to seizing opportunities within the region. The transaction, under Liquidity’s Mars Unicorn fund, underscores the firm’s strong commitment to the German market, marking its second significant deal in the country this year.
