Redeveloped co-living space operator Bungalow secured funding from CAA Ventures and others to fund executive recruitment and further expansion of its business.
US-based redeveloped co-living apartment operator Bungalow received $47m on Monday in a round backed by CAA Ventures, the corporate venturing unit for talent agency CAA.
Venture capital firm Founders Fund and investment manager Coatue Management co-led the round, which also featured Maverick Capital, 94 Ventures and A-Rod Corp.
Founded in 2017, Bungalow leases out approximately 730 redeveloped co-living properties across 10 US markets, decked out with décor, amenities and events geared toward young professional renters.
The company revamps the properties…
