Chinese co-living developer startup, Tripalink, has recently ended its second funding around in six months with a Series A+ round at $5 million. Calin SJG Fund, L.P. led the round with participation from K2VC, eBroker, and Tekton Ventures.
"The funds will be used for upgrading our products and services, as well as expanding the market," says CEO Donghao Li.
As a Chinese start-up in Los Angeles, Tripalink, linking the eastern and the western culture, advantaged with its deep understanding of the international rental market. Its rapid growth is to a large extent the result of the insight into the great market potential and firm belief in the value of connectivity fostered by co-living community.
In 2019, millennials are expected to take up the largest percentage of the living adult population, with their numbers increasing to 73 million (Fry, 2018). For this generation in the United States, co-living is the trendiest lifestyle in recent years. While ensuring the personal private space, a co-living community also provides spacious and versatile common areas to fully meet the residents' demands in social interaction.
"Compared to hotels and traditional student apartments, Tripalink's high-quality one-stop service to free all our residents from chores and set their mind at ease. The co-living community environment will also offer our residents a supreme living experience," Li introduces.