Hubhaus, a Californian company that helps people find shared housing accommodation, has received $1.4 million in financing from a U.S. venture capital firm.
Techcrunch reports that General Catalyst has bought the pitch and is leading the company’s $1.4 million seed funding round.
The start-up was founded in 2016 and helps people find share accommodation in three easy steps. It lets them choose listings from the portal, meet with professionals who introduce them to prospective housemates and then potentially sign a lease within 72 hours, once Hubhaus has gathered data from applications.
“Rather than sifting through online listings, or living alone in an apartment for one, we started HubHaus to offer an easy way for professionals to find quality shared housing solutions with a true sense of community,” says Hubhaus CEO Shruti Merchant.
“We do all the work — from creating welcoming homes in neighborhoods you want to live in and setting up Wi-Fi and utilities to furnishing the place and finding people you’ll love living with,” Merchant writes to her prospective customers.