LifeX ApS

LifeX ApS is a property technology company specializing in stylishly furnished coliving and private apartments designed for both short and long-term stays, primarily targeting professionals relocating for work or study. Founded in 2017, LifeX ApS operates as a coliving provider, offering furnished apartments in key urban markets such as Copenhagen and Berlin. The company was co-founded by Ritu Jain and Sune Theodorsen, the latter serving as CEO. LifeX has raised a total of EUR 6 million, with the most recent funding round occurring in October 2020, co-led by Cherry Ventures and Founders.

The firm has completed three deals to date. LifeX provides a comprehensive housing solution through its portfolio of furnished coliving and private apartments tailored for both short and long-term stays. The apartments are designed with high-end Nordic furniture, offering a hassle-free living experience for individuals moving to new cities. LifeX primarily targets professionals relocating for work or study, providing them with fully furnished spaces that include essential amenities such as high-speed internet, professional cleaning services, and maintenance support.

Their offerings are particularly focused on urban markets including Copenhagen, Berlin, Hamburg, Munich, Paris, Aarhus, and Oslo, catering to an international clientele seeking convenient and stylish living arrangements. Customers benefit from community-driven living environments, which facilitate networking and social interaction among residents. LifeX generates revenue primarily through rental agreements for its furnished apartments, with a focus on long-term residents. Clients typically enter into lease agreements that include rent for the duration of their stay, with additional services bundled into the overall rental fee.

The company’s pricing model reflects a fixed rental rate, which encompasses utilities, cleaning services, and access to community events. By offering promotional discounts, such as a percentage off the first few months of rent in specific units, LifeX encourages new tenants to commit to longer stays. This structure positions LifeX as both a direct-to-consumer service and a business-to-business partner for companies relocating employees, thereby enhancing its revenue streams through a diverse client base. In the most recent year, LifeX reported an EBITDA of EUR -59,902.

1. LifeX ApS plans to utilize the EUR 6 million raised in October 2020 to enhance its market presence and expand its offerings. The company is focusing on developing new products that cater to the evolving needs of its clientele, while also targeting expansion into additional urban markets across Europe. Specific regions targeted for growth include Munich and Paris, with the aim of establishing a presence by the end of 2024.

LifeX is committed to fostering community-driven living, and recent funding will support initiatives that promote networking and social interaction among residents.