Allihoop secured SEK 7.5 million in a funding round led by Proptech Farm.

Allihoop, a Stockholm, Sweden-based startup operating co-living spaces, announced the completion of a SEK 7.5M ($900k) capital investment round.

The money was raised from local investors from Sweden, led by Proptech Farm, and joined by angel investors Houman Ashrafzadeh and Simon Josefsson. The new capital will be used for product development and expansion.

Alihoop, incubated by Antler in 2020 by Milad Barosen, CEO, and Nassim Chekroun, focuses on flexible co-living via two active residences in central Stockholm, one in Midsommarkransen and one on Lidingö. The company produced sales of SEK 2 million in 2020 expects to open more locations by the end of 2021 that should led to a 10x revenue growth.