What is Common?
Common operates as a premier, innovation-led property manager, specializing in the design, leasing, and management of multifamily residential assets. The company distinguishes itself through a proprietary tech-enabled platform that optimizes the living experience across diverse segments, including coliving, microunit developments, and traditional apartment complexes. Beyond its core brand, the Common ecosystem encompasses the workforce housing management division, Noah, and the family-centric urban design and operations firm, Kin. By bridging the gap between resident demand for all-inclusive, stress-free environments and the real estate industry's need for reliable, above-market returns, Common has established a unique market position that leverages both operational efficiency and high-quality design to disrupt traditional real estate models.
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 Circle Ventures, Inevitable Ventures, Wolfswood Partners, and Solon Mack Capital
Private Equity (2016): $1.7M supported by Maveron LLC and 8VC
Series C (2017): $40M featuring Norwest Venture Partners
Series D (2020): $50M backed by Hanaco, Maveron, 8VC, Norwest Venture Partners, and Wilshire Lane Partners
Unspecified (2022): $100M, investors not publicly disclosed
Key Investors in Common
Maveron
Maveron is a consumer-only venture capital firm that partners with innovative entrepreneurs to transform consumer experiences and industries. Founded in 1998 by Dan Levitan and Howard Schultz, the firm focuses on investing in early-stage consumer brands that prioritize human behavior and technological disruption.
Norwest Venture Partners
Founded in 1961, Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm. The company is headquartered in Palo Alto, California with offices in India and Israel.
8VC
8 | Partners is a company that operates in the Government industry. It employs 20to49 people and has 1Mto5M of revenue. The company is headquartered in Saint Vincent and the Grenadines.
What's next for Common?
With the support of its latest major strategic investment, Common is well-positioned to accelerate its expansion into new urban territories and further refine its integrated property management technology. The company's strategic roadmap likely involves deepening its penetration in the workforce and family-oriented housing sectors, where demand for flexible, managed living remains high. As Common continues to scale, the focus will shift toward enhancing the unit economics of its managed portfolio and leveraging data-driven insights to improve resident retention and asset performance. By maintaining its commitment to tech-enabled operational excellence, the firm is poised to navigate the evolving real estate landscape, potentially exploring further vertical integration or strategic partnerships to bolster its market leadership in the multifamily sector.
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