Wednesday, 10 September 2025
27.9 C
Singapore
29.1 C
Thailand
20.4 C
Indonesia
26.8 C
Philippines

Singapore’s co-living startup, Hmlet, raises US$40M to grow in Asia

The Singapore-based co-living company, Hmlet, has raised US$40 million in a Series B round led by Burda Principal Investments, which will allow it to continue growing across gateway cities in Asia. This round was also participated by angel investors such as an existing investor, Sequoia Capital India, and new investors, Mitsubishi Estate and Reinventure Group. […]

The Singapore-based co-living company, Hmlet, has raised US$40 million in a Series B round led by Burda Principal Investments, which will allow it to continue growing across gateway cities in Asia.

This round was also participated by angel investors such as an existing investor, Sequoia Capital India, and new investors, Mitsubishi Estate and Reinventure Group.

The funds will boost the company’s growth in its existing markets like Singapore, Hong Kong, and Sydney where housing is relatively more expensive, while plans for launches in Melbourne, Brisbane, and Tokyo are also in the pipeline.

Founded in 2016, Hmlet had previously raised a US$6.5 million Series A round led by Sequoia Capital India in late last year. Before that, it had also raised a US$1.5 million seed round led by Aurum Investments in 2017, which was joined by several other angel investors.

The startup is also going to open its largest facility in Singapore, a 150-room property in the Tanjong Pagar, Cantonment Downtown CBD precinct, which it had signed for back in April. To date, Hmlet manages more than 1,500 rooms and is looking to develop a network that covers more than 10 cities in five countries within the next two years.

Hot this week

Instagram launches official app for iPad after 15 years

Instagram has finally launched a dedicated app for iPad, offering a redesigned layout, improved messaging, and a more engaging experience.

My Arcade launches Atari Gamestation Go handheld with over 200 retro games

My Arcade unveils the Atari Gamestation Go handheld with over 200 retro games, launching in North America this October for US$179.99.

Apple tipped to launch lighter and cheaper Vision Air headset

Apple is reportedly developing a lighter, cheaper Vision Air headset, expected in 2027, with a price around S$2,650.

Garmin launches fēnix 8 with first-ever MicroLED smartwatch display

Garmin debuts the fēnix 8 MicroLED, the world’s brightest smartwatch with advanced features for athletes and adventurers.

Young Singapore inventor wins James Dyson Award for diabetes innovation

NUS graduate Zoey Chan wins James Dyson Award 2025 in Singapore for nido, a tool designed to simplify daily insulin injections.

Apple launches iPhone 17 with brighter display, smarter cameras, and faster performance

Apple introduces the iPhone 17 in Singapore with smarter cameras, a brighter display, faster performance, and new trade-in offers.

Young Singapore inventor wins James Dyson Award for diabetes innovation

NUS graduate Zoey Chan wins James Dyson Award 2025 in Singapore for nido, a tool designed to simplify daily insulin injections.

Maxicare adopts Agentforce to streamline dental authorisations

Maxicare adopts Salesforce’s Agentforce to automate dental authorisations, improving clinic efficiency and member healthcare services.

Canon unveils next-generation video production equipment to elevate cinematic storytelling

Canon launches EOS C50, RF85mm f/1.4L VCM, and CN5x11 IAS T R1/P1 to support next-generation video production and storytelling.

Related Articles

Popular Categories