Colonies, a Paris, France-based startup that designs and runs living spaces, raised €180m in funding.
Backers included existing investors Idinvest Partners, Global Founders Capital and La Financière Saint James, which reinvested €30m in this new round, and LBO France, a French investment fund with more than 30 years of expertise, which provided €150m in funding.
After opening its first residences in France and Germany, the company now aims to accelerate its development in Europe and will launch more than 50 new projects in France and the rest of Europe in 2020.
Created in 2017 by Alexandre Martin, Amaury Courbon and François Roth, Colonies offers inhabitants furnished private spaces and access to shared living spaces in a spirit of community (gyms, laundry facilities, rooftops, etc.). The company, which bases its offerings on the three cornerstones spaces, services and community life, currently runs residences in Paris, Berlin, Noisy-Le-Grand and Fontainebleau.