Overview

Common.com provides coliving spaces in urban areas, offering private room rentals within shared homes. The company targets young professionals and digital nomads looking for flexible housing solutions. Each home is fully furnished with high-quality furniture and includes private bedrooms, shared common areas, and amenities like weekly cleaning and laundry facilities. Common.com stands out by allowing members to transfer between rooms or homes within its community, making it easy to adapt to changing needs. The business model involves leasing properties and subleasing rooms, generating revenue through monthly rental fees that cover room costs and included services. The goal is to create a modern, community-oriented living experience that is convenient and stress-free.

Simplify's Take

What believers are saying

• Increased demand for flexible living boosts Common's coliving space appeal post-pandemic.
• The rise of remote work enhances Common's attractiveness to digital nomads.
• Partnerships with local businesses offer exclusive discounts, adding value to Common's offerings.

What critics are saying

• The merger with Habyt may lead to integration challenges and profitability issues.
• Expansion into St. Paul may face regulatory hurdles and community pushback.
• Partnerships like Clutter may not align with all customer needs, risking dissatisfaction.

What makes Common unique

• Common offers fully furnished homes with high-quality furniture from top brands.
• The company provides private rooms with ensuite bathrooms in shared homes.
• Common includes weekly cleaning, free laundry, and essential supplies in its rental fees.

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Funding

Total Funding

$141.1M

Below

Industry Average

Funded Over

4 Rounds

$27,700,000

Series D

Feb 2022

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$27.7M

$49M

$50M

$70M

$80M

$100M

View all funding stages