Student.com, a Dubai, United Arab Emirates-based marketplace for student accommodation, received an additional $10m funding as part of its Series C+ round.
The funding, provided by CITIC Capital, brought total funding raised to date to $80m.
The company intends to use the funds to upgrade the platform’s technology solutions including the systemisation of the native app experience, and work to improve the intelligent service level through application of Artificial Intelligence.
Established in 2011 by Luke Nolan, CEO, Student.com provides international students with a platform to find home abroad. Now listing accommodation for over 1,000 universities in more than 400 cities worldwide, Student.com provides over 1.25 million student beds.
The company has raised a total of $80m from investors including VY Capital, Li Ka-Shing’s Horizons Ventures, Expa, Spotify founders Daniel Ek and Martin Lorentzon, Facebook VR’s Hugo Barra, Breyer Capital’s Jim Breyer and other investors.
It has completed over $600m in gross booking value to date.