I will not talk about Colive securing €300 million in funding, that's for news outlets to cover. But I will analyze the fundamentals of the company
➡️ Colive offers "coliving" - furnished, all-inclusive shared apartments/houses for young professionals.
➡️ It manages 650 rooms across Brussels, Paris, Lille, and Lisbon.
➡️ Colive handles everything - check-ins, cleaning, WiFi, Netflix, etc. This "premium" model yields 95-100% occupancy.
➡️ Rent averages between €1250-1350 per room in Paris. Expansion to suburbs will offer more affordable options.
➡️ Minimum 3-month leases offer flexibility.
➡️ The startup purchases properties, then earns revenue from rent commissions and long-term sales. Now profitable.
➡️ Colive adds value by: (1) Easing housing for mobile young professionals, (2) Offering flexible leasing, (3) Providing full-service experience, (4) Developing community living.
So my takeaway, Colive is capitalizing on fundamental shifts in housing preferences, especially among young urban professionals. The startup's coliving model taps into rising demand for flexible, community-focused living arrangements in cities. Strong 95-100% occupancy rates across its existing units demonstrate Colive has struck a product-market fit by addressing this urban demographic's needs.
In the long run, Colive can continue adding value by providing a turnkey housing solution optimized for millennials and Gen Z. Its short-term leases and frictionless experience offer the flexibility lacking in traditional 12-month leases. By removing the hassle from renting and facilitating connections through shared spaces, Colive is positioned to sustainably enhance urban living as attitudes evolve.
#coliving #proptech #realestate #startup #housing #rental #community #startups #venturecapital #vcfunding #professionals #millenials #innovation Nils Bokanowski Laurent Rabinowitch
Embedded Architect | embedded@SI • Sustainable Embedded Insurance + Platform Economy
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