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Co-living European startup Colonies raises $34 million

French startup Colonies has raised a $34 million funding round (€30 million). In addition to that, LBO France is committing to spend $168 million (€150 million) in real estate projects over the next couple of years. Those new buildings will eventually be managed by Colonies.
Idinvest Partners, Global Founders Capital and La Financiere Saint James are participating in today’s funding round.
Colonies targets young people who are looking for an apartment without all the hassle involved in actually looking for an apartment. When you rent a place on Colonies, you get your own room with a private bathroom. You then share your living room and kitchen with 8 to 12 persons.
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