What is Common?
Common operates as an innovation-driven property manager, specializing in the design, leasing, and management of multifamily properties globally. The company distinguishes itself through smart design and tech-enabled property management, aiming to deliver exceptional living experiences across various urban settings. Common offers coliving, microunit, and traditional apartment options, positioning itself as the preferred choice for residents seeking a seamless, all-inclusive living environment and for real estate owners pursuing above-market returns. Its platform extends to workforce housing management through its brand Noah and urban design/operation 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, Slow Ventures, and Lowercase Capital
Series B (2016): $15.6M led by Inevitable Ventures, Solon Mack Capital, Circle Ventures, 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 Maveron, Wilshire Lane Partners, Hanaco, 8VC, and Norwest Venture Partners
Unspecified (2022): $100M, investors not publicly disclosed
Key Investors in Common
Maveron
Maveron is a consumer-focused venture capital firm that invests in early-stage consumer brands, prioritizing human behavior and technological disruption. They are known for backing innovative companies that aim to transform consumer experiences.
Norwest Venture Partners
Norwest Venture Partners is a global venture capital and growth equity firm with a long history, investing across various stages and sectors. They focus on supporting companies with strong growth potential.
8VC
8VC is a venture capital firm that invests in companies across various industries, often focusing on technology and innovation. They are known for their strategic approach to building and scaling businesses.
What's next for Common?
With substantial enterprise-level backing, Common is strategically positioned for significant scaling and market penetration. The recent major strategic investment signals a phase of accelerated growth, likely focused on expanding its property portfolio, enhancing its technology infrastructure, and potentially exploring new geographic markets or service offerings. The company's established model, which balances resident experience with owner returns, provides a solid foundation for continued development and market leadership in the evolving residential real estate landscape. Future initiatives may involve further integration of technology to optimize operations and resident engagement.
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