Berlin-based Habyt, a provider of flexible living spaces, announced that it has secured €40M in a fresh round of funding led by Mars Growth Capital, a joint venture between MUFG and Liquidity Group.
This funding highlights Habyt’s annual net revenue growth and its trajectory toward cash flow positivity, as it plans to achieve group-level profitability this year.
The German company is also aiming to expand its EBITDA-generating portfolios and is in talks to finalise at least one acquisition by year-end.
Justin Langen, Director of Europe at Liquidity Group, says, “Habyt’s strong unit economics and scalable model have proven to be a major disruptor within the global rental market.”
“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.”
Despite the growth potential in Germany and Europe, Liquidity says it will continue to focus on the region. The recent deal, part of Liquidity’s Mars Unicorn fund, marks its second major deal in Germany this year.
What does Habyt offer?
Founded in 2017 by Luca Bovone, Habyt claims to be the largest global provider of flexible living spaces, offering accessible housing solutions for both short and long stays.
Currently, the company manages around 30,000 residential spaces across more than 50 cities worldwide, spanning the United States, Europe, and Asia.
Habyt is supported by a range of investors, including Korelya Capital, Capmont, P101, Vorwerk Ventures, Exor, Burda Principal Investments, Norwest, Endeavor Catalyst, HV Capital, Kinnevik, Picus, Mitsubishi Estate, and Inveready.
Capital utilisation
The funds will support Habyt’s expansion strategy, focusing on targeted acquisitions to strengthen its market leadership in key regions.
Luca Bovone, Founder and CEO of Habyt, says, “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.”
“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.”
Brief about Liquidity Group and MARS Growth Capital
Liquidity Group, an AI-driven financial asset management firm with $2.5B AuM, is focused on North America, Asia-Pacific, Europe, and the Middle East.
Its advanced machine-learning decision science technology allows rapid capital deployment, making it the fastest-growing provider of credit and equity financing to mid-market and late-stage companies.
The Group operates globally from offices in London, New York, Singapore, Tel-Aviv, Abu Dhabi, and San Francisco.
Supported by major institutions including MUFG, Spark Capital, and Apollo Asset Management, Liquidity Group’s joint venture, MARS Growth Capital, focuses on providing financing solutions to fintech, SaaS, and e-commerce businesses in Southeast Asia, the Pacific, and Europe.
MARS offers credit and equity financing between $3M and $100M for mid-market, late-stage, and pre-IPO technology companies.
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