Tripalink, a Los Angeles, CA-based coliving company, raised $10M in Series B funding.
The round, which valued the company at $100M, saw the participation from Calin SJG Fund, L.P, K2VC, Tekton Ventures, and Oriza Venture.
The funds will be mainly used for market expansion.
Led by CEO Donghao Li, Tripalink is a co-living brand offering move-in-ready homes for all its community members with two product lines, U-Living and V-Living.
By the end of 2019, the number of V-Living will reach 15 and they are all independently designed and developed by the company itself based on its understanding of co-living lifestyle and customer insights analysis.
Expanded to Los Angeles, Seattle, Pittsburgh, Irvine, Austin, Philadelphia, Tripalink is multiplying with its properties being fully occupied in most of these cities.
In 2020, the number of its community members is foreseen to reach 20000 with the ambition to expand into 30 cities.