French Startup Colonies, raises $34 million for Co-living community-minded homes, with a commitment from LBO France to spend $168 million (€150 million) in real estate projects over the next couple of years. Participants in the round are Idinvest Partners, Global Founders Capital and La Financière Saint James.
Founded in 2017 by Alexandre Martin, Amaury Courbon and Francois Roth, Colonies creates better housing solutions by designing and managing fully-furnished, community-minded quality homes located in large cities.
Colonies targets young people, looking for a convenient lifestyle, bundled with community living and managed property services. Applicants get their own room with private bathroom, sharing a living room and kitchen. Apartments can have a capacity of 8 to 12 persons. Everything shared is managed by Colonies.
The Colonies business model is to partner with real estate investment firms so as not to own property buildings, but rather to act as a managing partner for the buildings, signing leases directly with renters. Currently Colonies is working on more projects in Paris, Lille, Bordeaux, Marseille, Toulouse and Germany.
LBO France is a private equity firm, they offer exceptional coverage of the French market, with four interlocking areas of expertise: middle market buyouts (the White Knight funds), small cap buyouts (the Hexagone funds), real estate (the White Stone and Lapillus funds) and secondary debt (the Altercap funds).
Idinvest Partners, founded in 1997 under the name AGF Private Equity, SA, is a pan-European private equity manager focused on the low and middle market segments.
The company has over 6 billion euros under management and has developed several complementary areas of expertise, including equity investments in buyout deals, focusing on both mid-size, as well as young innovative European companies.
Recent success stories include Criteo, Clear2Pay, Meetic, Prosensa, Converteam, Kwik Fit, Lastminute.com, Dailymotion, Deezer, Talend, Synthesio, Menlook, Vestiaire Collective, Pretty Simple, Curse.com, Withings, Kantox, Secret Escapes, Happn, Peakon, Dayuse, Botify, Financefox, Azalead.
GFC is a globally oriented, stage agnostic venture fund that empowers gifted entrepreneurs worldwide. Startups in their portfolio include companies such as Zalando, Revolut, Deliveroo and Trivago.
Financiere Saint James is the Family Office of Michaël Benabou, vente-privée.com's co-founder and invests in digital startups bringing disruptive services to the market. Investments include: Blade, Welcome to the Jungle, Glovo, Feed, they Maintain, Spendesk. Financiere Saint James also invests in PE/VC funds.