Co-living and apartment company Common has raised $50 million in series D funding to expand its residential management division. Kinnevik, one of Common's long-term partners, led this funding round, and it included participation from existing investors including Norwest Venture Partners, 8VC and Maveron.
Technology integration is essential to the firm's growth plans. Common has launched Noah, a technology and automation company that focuses on improving returns and the resident experience in workforce housing. The series D funding will allow the company to continue to build out its technology and to expand into more traditional apartment properties with Kinnevik facilitating a push into Europe next year.
This most recent series D funding round is part of Common's strategy to develop a presence outside of the co-living space.
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Kelsi Maree Borland
