Industry News

Singapore-based tech co-living company, Hmlet raises US$1.5m in a seed

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Singapore-based tech co-living company, Hmlet raises US$1.5m in a seed round led by Aurum Investments in November.

Imagine working in an apartment with complete strangers and ending up with a potential spouse soon after. Hmlet’s platform has made this possible for a French guy who rented one of their shared spaces, where he was matched with people who had the same interests and personality. Now engaged to a girl he met at the space, this client expressed that he will always remember how Hmlet has made co-living meaningful for him and his fiance.

Launched in 2016, Hmlet is Singapore’s first ever tech co-living space where young professionals can share rooms and apartments at an affordable price on a monthly basis. Yoan Kamalski, CEO, Hmlet, said that Hmlet is the only organised, tech-powered provider of space as a service model. The platform uses changes in technology, demography, and urbanisation to collectively drive a shift towards a more flexible, entrepreneurial and collaborative living style.

In November, this co-living rental startup Hmlet has raised a US$1.5 million in a seed round led by Aurum Investments, a sister company of co-working space Collision 8.

Kamalski said that people nowadays are looking for a curated place that can empower them and make them want to achieve more. With this trend seeing increased growth in Hong Kong and Singapore, Kamalski and his colleagues discovered a sweet spot with an unmet need.

“Urban housing was not adapted to our evolving demands for technology, services, and flexibility. Technology has been integrated into every facet of our lives, except our apartments. It was time-consuming, solitary, inflexible, and inaccessible. Hmlet solves these problems,” Kamalski said.

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