Libeto

Based in Singapore, Libeto operates as a provider of coliving spaces that foster community interaction and enhance living experiences for urban professionals and expatriates in various international markets. Founded in 2018 in Singapore, Libeto specializes in offering innovative coliving arrangements. The company has not reported any significant changes in its business operations or strategy. It has successfully completed two funding rounds, with the most recent being a Series A round in April 2022 where it raised USD 1.

68 mn from Gorilla Private Equity, bringing the total funds raised to USD 1. 68 mn and valuing the company at USD 21. 17 mn. Libeto does not have known parent or subsidiary companies.

Libeto provides coliving spaces designed to promote community engagement and enhance the living experience. Their offerings include fully furnished homes with essential amenities, housekeeping, and maintenance services, featuring spacious shared areas and private quarters. The company targets urban professionals and expatriates across multiple international markets, including Seoul, South Korea, and Singapore. In the most recent fiscal year of 2023, Libeto reported a revenue amount of USD 0 and an EBITDA of USD 72,334.

9. Revenue is generated through leasing agreements for private rooms in shared homes, along with additional services such as maintenance and cleaning, which enhance the value for residents. Following the Series A funding round completed in April 2022, Libeto plans to allocate the raised funds to support its growth initiatives. This includes developing new coliving products and expanding into additional markets, specifically targeting further opportunities in urban centers across Asia.

Strategic investments will focus on enhancing their service offerings and operational capacity to meet the needs of an expanding customer base.