After another round of funding, co-living service Common raised $40 million USD and has announced plans to expand to new cities nationwide.
Common, which is headquartered in Brooklyn, has decided to branch out after pulling in more funding. Their highest funder, Northwest Venture Partners, gave an undisclosed amount but was apparently a deciding factor in Common’s future expansion plans.
“We certainly are aiming to build a global company,” Common founder Brad Hargreaves said. “There are a number of cities, at least a dozen in the U.S., that face some sort of housing crisis. You have the cities we’re in right now but a number of cities we’re not in, up and down the northeast corridor and west coast, and even a place like New Orleans, where we announced a house.”
Common currently has homes in Brooklyn, San Francisco, and three other cities. Their plans not only include expansion, but upgrades to their technology, user functionality, and security.