The UK’s first shared living members’ community, Lyvly, has secured £3.5m of investment from venture capital firm Mosaic Ventures and entrepreneur Greg Marsh.
Lyvly will use the funding to expand its portfolio of London homes by targeting private and corporate landlords and institutional funds.
Lyvly is a platform that provides high-quality shared homes to its members, who are aged 25 to 35, by working with landlords that provide furnished apartments for long-term rental.
It allows members to share flats on 12- to 24-month tenancies.
The shared living community was founded by ex-Realstar executives Philip Laney and Dario Favoino, and unicorn tech founder Siraj Khaliq.
London-based venture capital fund Mosaic Ventures’ investment portfolio includes property and technology start-ups Blockchain and Habito. Greg Marsh was the founder of hospitality startup onefinestay and has joined the Lyvly team as chairman.
Philip Laney, co-founder and chief executive of Lyvly, said: “Today’s renters are looking for much more than existing housing offers. They want community, connectivity, and social purpose.
“Lyvly provides that by bringing like-minded people together at similar life stages to live together at a more accessible rental level and helping them to get more out of life with simple services and great connections.”
To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette
