Co-living investment surged to new heights in 2025.
Institutional capital flows into the sector. Major operators secure billion-dollar backing. The asset class matures beyond early-stage ventures.
AI transforms tenant matching. Sustainability metrics guide investment decisions. Traditional real estate funds enter the space.
This guide lists 20 active co-living investors. Their focus areas. Check sizes. Portfolio companies.
How to pitch your co-living startup to investors
You've built a shared living platform. High occupancy rates. Strong unit economics.
But investors don't respond.
Stop sending PDFs. Use trackable links. See who opened your deck. Track time per slide. Get alerts when shared.
Ellty helps co-living startups track investor engagement.
Co-living investors
1. Sequoia Capital
Global venture firm backing transformative companies across all stages.
Investment focus: Technology-enabled living platforms, proptech innovation
Investment range: Series A to growth, $10M-$100M+
Notable investments: Habyt, multiple proptech platforms
Contact: sequoiacap.com
2. Andreessen Horowitz (a16z)
Leading Silicon Valley firm with dedicated proptech practice.
Investment focus: Technology-first living solutions, community platforms
Investment range: Seed to growth, varies by stage
Notable investments: Flow ($350M backing)
Contact: a16z.com
3. Norwest Venture Partners
Multi-stage investor with real estate technology focus.
Investment focus: Shared living operators, proptech platforms
Investment range: Series A to growth
Notable investments: Habyt, co-living platforms
Contact: nvp.com
4. Ivanhoé Cambridge
Global real estate investor with dedicated co-living fund.
Investment focus: Large-scale co-living developments
Investment range: €50M-€200M per project
Notable investments: €1B joint venture with Greystar
Contact: ivanhoecambridge.com
5. Greystar
World's largest rental housing operator with co-living division.
Investment focus: Purpose-built co-living developments
Investment range: $50M+ per project
Notable investments: Be Casa brand in Spain
Contact: greystar.com
6. Ares Management
Alternative investment manager with real estate focus.
Investment focus: Co-living operators and platforms
Investment range: €100M-€1B commitments
Notable investments: Colonies (up to €1B backing)
Contact: aresmgmt.com
7. DTZ Investors
Real estate investment manager with co-living fund.
Investment focus: Operational co-living assets
Investment range: £20M-£100M per deal
Notable investments: COLIV fund, Brent Cross Town
Contact: dtzinvestors.com
8. Bridges Fund Management
Impact investor focused on sustainable real estate.
Investment focus: Impact-driven co-living projects
Investment range: £10M-£50M
Notable investments: Mason & Fifth, sustainable living projects
Contact: bridgesfundmanagement.com
9. HIG Capital
Global alternative investment firm.
Investment focus: Mixed-use developments with co-living
Investment range: $20M-$100M
Notable investments: Elephant Park masterplan
Contact: higcapital.com
10. W5 Group
Single family office investing in proptech.
Investment focus: Co-living development and operations
Investment range: $50M-$300M
Notable investments: Medici Living Group ($300M JV)
Contact: w5group.com
11. Lightspeed Venture Partners
Global venture capital firm with consumer focus.
Investment focus: Technology-enabled living platforms
Investment range: Series A to C, $10M-$50M
Notable investments: Homeshare
Contact: lsvp.com
12. FORE Partnership
Real estate investment manager.
Investment focus: Purpose-driven living assets
Investment range: £20M-£100M
Notable investments: Impact co-living projects
Contact: forepartnership.com
13. Burda Principal Investments
Growth capital investor from Burda Media.
Investment focus: European proptech and living concepts
Investment range: €10M-€50M
Notable investments: Habyt
Contact: burda-principal-investments.com
14. Picus Capital
European venture capital firm.
Investment focus: Technology-driven real estate
Investment range: €1M-€20M
Notable investments: Habyt, proptech platforms
Contact: picuscap.com
15. HV Capital
Munich-based venture capital firm.
Investment focus: European proptech and living solutions
Investment range: €5M-€50M
Notable investments: Habyt
Contact: hvcapital.com
16. Aviva Investors
Global asset manager with real estate focus.
Investment focus: Institutional co-living assets
Investment range: £15M-£100M
Notable investments: Ollie
Contact: avivainvestors.com
17. Realstar Group
International real estate investment firm.
Investment focus: Operational co-living assets
Investment range: £20M-£100M
Notable investments: Brixton Junction
Contact: realstargroup.com
18. CDL Investments
Real estate developer and investor.
Investment focus: Forward funding co-living developments
Investment range: £50M-£200M
Notable investments: Yardhouse White City (£88M)
Contact: cdl.com.sg
19. Crosstree Real Estate Partners
Real estate investment and development firm.
Investment focus: Co-living conversions and developments
Investment range: £30M-£150M
Notable investments: ARK Coliving JV
Contact: crosstree.com
20. Mitsubishi Estate
Japanese real estate developer with global reach.
Investment focus: International co-living platforms
Investment range: $20M-$100M
Notable investments: Habyt
Contact: mec.co.jp/e
How to approach co-living investors
Prepare your pitch
Focus on unit economics. Show occupancy rates above 85%. Include resident retention metrics.
Demonstrate scalability. Highlight technology differentiation. Present clear expansion plans.
Best practices for outreach
Target investors with existing proptech portfolios. Emphasize operational efficiency metrics.
Use data to show market demand. Include waitlist numbers and community engagement stats.
Common mistakes to avoid
Don't ignore zoning complexities. Address regulatory compliance upfront.
Avoid comparing to traditional multifamily. Position as new asset class with unique returns.
Alternative funding sources
Real estate debt funds
Bridge financing for property acquisitions. Construction loans for new developments.
Government programs
Affordable housing incentives. Sustainability grants for green buildings.
Crowdfunding platforms
Real estate crowdfunding for smaller raises. Community investment opportunities.
Success stories
Recent funding wins
Habyt raised over $150M total funding. Flow secured $350M from a16z.
Colonies backed by €1B from Ares. Multiple operators achieving unicorn status.
Lessons from the market
Strong technology platforms attract premium valuations. Community-first approach drives retention.
Institutional capital follows proven unit economics. Scale matters for major funding rounds.
How Ellty helps co-living startups
Track investor engagement with your pitch deck. See which slides capture attention.
Know when VCs share your deck internally. Get alerts for partner-level reviews.
Optimize your pitch based on real data. Close funding faster with insights.
FAQs
What metrics do co-living investors prioritize?
Occupancy rates, resident retention, unit economics, and technology differentiation matter most. Include community engagement metrics and expansion potential.
How is co-living different from traditional real estate investment?
Co-living focuses on community, shared amenities, and technology-enabled operations. Returns come from higher revenue per square foot through optimized space usage.
What check sizes are typical for co-living investments?
Seed rounds: $2M-$5M. Series A: $10M-$30M. Growth rounds: $50M-$200M. Real estate funds may commit $100M+ for portfolio deals.
Which markets attract the most co-living investment?
Major urban centers with housing affordability challenges. New York, San Francisco, London, Berlin lead in investment volume.
How do investors evaluate co-living technology platforms?
Tenant matching algorithms, community engagement tools, operational efficiency systems. API integrations and scalability crucial for platform investments.
What's the typical investment timeline for co-living?
Venture investors expect 5-7 year exits. Real estate funds may hold assets 7-10 years. Development projects require 2-3 year construction periods.
