Co-living platform COVE secures more than US$2 million seed round

By Amy Tan / EdgeProp Singapore | September 27, 2019 1:07 PM SGT
COVE, a new co-living platform, has raised over US$2 million ($2.77 million) in a seed round to expand its presence in Southeast Asia and build-out its technology.
The round is led by investment firms from Indonesia, Singapore, and Europe, namely Venturra, Yuj Ventures (backed by global investment firm, The Xander Group Inc), Investigate and Picus Capital.
The lead investors are joined by Singapore venture capital funds Aetius Capital and Found Ventures and a variety of strategic angel investors.
ADVERTISEMENT
(From left) Guillaume Castagne, Luca Bregoli and Luca Bregoli (Photo: COVE)
COVE was founded in 2018 by Guillaume Castagne (former VP of Marketing at Lazada), Sophie Jokelson and Luca Bregoli through startup generator Antler. The co-living platform uses an AI tool to help match flatmates based on their living habits, values and interests, and invest in smart home technology to enhance the living experience. It also reduces the time required to find a room from several weeks to a couple of days.
Since its inception, COVE has reached nearly 200 bedrooms and targets to grow the number of rooms by more than 10 times next year.
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 3.7.30
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.