What is Common?
Common operates as an innovation-driven property manager, specializing in the design, leasing, and management of multifamily properties globally. The company leverages smart design principles and technology-enabled management to deliver superior living experiences across various property types, including coliving, microunits, and traditional apartments. Common is recognized as a preferred choice for residents seeking a seamless, all-inclusive living environment under a trusted brand, and for real estate owners aiming for reliable, above-market returns. Its platform also encompasses workforce housing management through its brand Noah and urban design/operation for families via Kin.
How much funding has Common raised?
Common has raised a total of $214.6M across 6 funding rounds:
Series A
$7.3M
Series B
$15.6M
Private Equity
$1.7M
Series C
$40M
Series D
$50M
Unspecified
$100M
Series A (2015): $7.4M with participation from Maveron, Lowercase Capital, and Slow Ventures
Series B (2016): $15.6M led by Inevitable Ventures, Circle Ventures, Solon Mack Capital, and Wolfswood Partners
Private Equity (2016): $1.7M supported by 8VC and Maveron LLC
Series C (2017): $40M featuring Norwest Venture Partners
Series D (2020): $50M backed by Norwest Venture Partners, Hanaco, 8VC, Maveron, and Wilshire Lane Partners
Unspecified (2022): $100M, investors not publicly disclosed
Key Investors in Common
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961. Headquartered in Palo Alto, California, with offices in India and Israel, they specialize in supporting companies across various stages of growth.
Maveron
Maveron is a consumer-focused venture capital firm established in 1998. They partner with entrepreneurs to transform consumer experiences and industries, with a focus on early-stage consumer brands that leverage human behavior and technological disruption.
8VC
8VC is an investment firm that operates within the technology and venture capital landscape. They are known for backing companies that aim to disrupt traditional industries through innovative solutions and strategic growth.
What's next for Common?
The recent major strategic investment signals a new phase of expansion and development for Common. This capital is likely to fuel further technological advancements in property management, enhance user experience for residents, and broaden the company's geographic reach. With a focus on delivering above-market returns for real estate owners, Common is poised to solidify its market leadership and explore new opportunities in urban living solutions. The company's commitment to innovation suggests a continued emphasis on integrating smart design and tech-enabled services to meet evolving market demands.
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