La Casa Coliving in a €30 funding debt and equity deal
26 November 2021
La Casa Coliving, a Paris, France-based startup operating real estate properting sold as co-living spaces, announced that it secured financing of €30 million ($34M).
The money is a combination of 20 million in debt provided by a banking pool led by Banque Palatine, SocFim and Caisse d'Epargne Hauts-de-France. and 10 million ($11.4M) in equity raised from investors including the Paluel-Marmont family (Abarines Invest) and angel investors from France.
The proceeds will be used to develop a network of houses acquired by property owner La Casa Immobilier, with an increase from 30 to 100 dwellings over the next three years, in the Paris region and across France.
La Casa, founded in 2017 by CEO Victor Augais, provides residential co-living services in France. The company relies on strong fundamentals including a cohesive community, approved themed houses, an average occupancy rate of 99% over the last two years, and a demand six times higher than its offer.
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