Real Estate Startup Common Closes $40 Million
Common – a real estate company that partners with property owners and local organizations to create residential communities with monthly terms, shared services, community events, and management – completed $40 million in Series C financing, led by Norwest Venture Partners.
Common has 482 buildings in New York, San Francisco, Oakland, Washington, D.C., and Chicago, with more slated to open in the future. Each community member in a Common coliving building has a private bedroom that comes furnished with a nightstand, lamp, pillows, and a bed. Kitchens come stocked with staples like olive oil, salt, pepper, paper towels, soap, and other essentials. The company’s team cleans all shared spaces once a week, including kitchens, living rooms, and shared bathrooms.