London-based online student accommodation startup Student.com has recently got funding of $10 million by Chinese-owned CITIC Group as part of its Series C+ round. With this, Student.com has been able to raise $80 million to date. The CITIC group involves investors such as VY Capital, Li Ka-Shing’s Horizons Ventures, Expa, Spotify founders Daniel Ek and Martin Lorentzon, Facebook VR’s Hugo Barra, and Breyer Capital’s Jim Breyer.
Further, the Britain company has predicted to cross the $1 billion benchmark in gross booking value by the end of 2019. Regarding the prediction, the company further stated that it is just the start for their potential global value of student accommodation.