Cohabs Services SA

Cohabs Services SA offers innovative shared housing solutions that foster community living experiences. The company provides fully furnished spaces across major cities, enhancing the lives of young professionals and digital nomads through collaborative environments. Cohabs Services SA specializes in shared living solutions, founded in 2016 in Brussels, Belgium. The company has completed 6 deals to date, with its most recent funding round occurring on November 16, 2022, where it raised EUR 70 million from investors including Belfius Insurance, Ivanhoe Cambridge, and The Federal Holding and Investment Company.

The founders include François Samyn, Malik Dauber, and Youri Dauber, with Youri Dauber currently serving as CEO. Cohabs specializes in providing inspiring and sustainable shared housing solutions designed to foster community and memorable experiences among its members. The core offering includes fully furnished shared living spaces across multiple vibrant cities, including Brussels, Paris, New York, and Madrid, among others. Cohabs enhances the living experience through a range of additional services such as weekly cleaning, common supplies, and monthly organic breakfasts, all aimed at creating a comfortable and engaging community environment.

The company's target customers include young professionals and digital nomads who seek a balance between affordability and community living, providing them with opportunities to forge meaningful connections and share experiences. By hosting various events and activities, Cohabs addresses the need for social interaction and personal development within the shared living context. Cohabs generates revenue predominantly through a subscription-based model, where members pay a monthly fee for access to their shared living spaces and associated services. This fee covers not only accommodation but also additional perks like Netflix and participation in community events, which enhance the overall value for members.

The fee structure is designed to ensure a seamless living experience, making community living both accessible and enjoyable for their clientele. The company focuses on direct-to-consumer transactions, connecting directly with individuals seeking collaborative living arrangements, thus facilitating a straightforward booking process through their app. Specific pricing plans are tailored to the market dynamics in each city, reflecting local demand and competition while ensuring a competitive offering to potential residents. The EBITDA for the most recent year, 2023, stands at EUR -2,619,556.

60. In November 2022, Cohabs Services SA raised EUR 70 million in debt funding to support its growth strategies, capitalizing on the buoyant European co-living sector. The company plans to launch new products and enhance existing offerings while expanding into additional markets. Specific regions targeted for expansion are yet to be disclosed, but the funding will be used to further develop Cohabs' presence in the co-living industry.