Cohabs, a Belgian coliving operator, has secured $450 million in funding as it works on expanding across the world.
The company will use around $114 million of the funding to grow its presence in the next 18 months, and if successful, will use the remaining $311 million to operate throughout 2026.
Real estate investment firm Ivanhoé provided 70% of the funding and also purchased a 35% stake in the company.
“Cohabs offers everything we are looking for in terms of an innovative concept in an alternative asset class, which matches a strong and growing trend in the living sector, and we are confident the company will further grow internationally,” said Arnaud Malbos, Vice President of Investment at Ivanhoé.
Currently, Cohabs boasts over 1,500 rooms in Europe in the U.S. and has goals to expand to 5,000 rooms across 11 cities by 2026.
