Monday, 30 June 2025
30.6 C
Singapore
32.2 C
Thailand
21.4 C
Indonesia
29.1 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

YouTube Create is finally coming to iOS devices

YouTube Create is coming to iOS, offering free mobile video editing tools as Google aims to catch up with CapCut and InShot.

TikTok trials new ‘bulletin boards’ to rival Instagram’s broadcast channels

TikTok is testing bulletin boards, a new feature similar to Instagram's broadcast channels, for direct creator-to-fan updates.

Samsung’s July Unpacked event promises new foldable ‘Ultra’ reveal

Samsung’s Unpacked event is set for July 9, and a foldable ‘Ultra’ reveal is expected; reserve now for US$50 credit on Samsung.com.

Sharp launches AQUOS wish5 smartphone in Singapore with focus on safety and sustainability

Sharp launches AQUOS wish5 in Singapore, featuring vibration SOS alert, military-grade durability, and eco-conscious materials.

AWS opens innovation hub in Singapore to drive cloud and AI adoption across Asia Pacific

AWS opens first Innovation Hub in Asia Pacific to accelerate digital transformation with cloud and AI for regional businesses.

Cheapest SIM-only plans in Singapore 2025: Flexible, contract-free mobile data

Compare the cheapest SIM-only plans in Singapore for 2025, with up to 1TB data, 5G access, roaming, and no-contract options from S$8/month.

Android 16 to alert you if your phone connects to a fake cell tower

Android 16 will warn you if your phone connects to a fake tower, helping protect your calls, texts, and location from silent spying.

Runway moves into gaming with new AI platform Game Worlds

Runway launches Game Worlds, an AI platform aiming to reshape game creation and expand its success from film into the gaming industry.

TikTok trials new ‘bulletin boards’ to rival Instagram’s broadcast channels

TikTok is testing bulletin boards, a new feature similar to Instagram's broadcast channels, for direct creator-to-fan updates.

Related Articles

Popular Categories