Casa Mia Coliving secures US$1.3M seed funding to expand its local and regional footprint

Singapore-headquartered Casa Mia Coliving has announced the completion of its US$1.3 million seed funding led by undisclosed real estate and private equity veterans. 

The funds raised will be used to expand its local and regional footprint and enhance the functionality of ColivHQ, Asia’s first dedicated property management software for the coliving industry.

Founded in 2019, Casa Mia Coliving provides coliving property management services intended to offer private bedrooms in shared homes with a convenient search process. It currently has an average stay of 15.5 months per member, the highest in Singapore.

The company uses an analytics tool designed by psychologists to screen potential members and recommend suitable homes based on their profiles. It also organises community “rituals” and activities to encourage networking and friendships, helping members to adjust to life in Singapore.

All this has led to the creation of a highly engaged members’ community, who have continually returned a high housemate satisfaction score when surveyed. 

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“With this fresh injection of funds, Casa Mia Coliving has added a new set of investors with deep experience in real estate and private equity, including several of the early investors in a leading European coliving operator,” said Casa Mia Coliving Co-Founder Ahmed Nizar.

Coliving is a low-margin, high-volume business that requires as much automation as possible to scale profitably. Since its beginning, Casa Mia Coliving has leveraged technology from ColivHQ, a property management software platform, to integrate and automate its operations.

With this round, Casa Mia completes the acquisition of ColivHQ, enabling Casa Mia to further enhance the app functionality.

“Given our deep experience in the technology sector, we’ve always recognised the power of technology to drive operational efficiencies. ColivHQ is one of the key factors that contributed to our profitable growth. As we scale up the business with more rooms across more locations, it is an opportune time to embed ColivHQ’s know-how into our growth plans, so we can continue to deliver a superior experience through the coliving customer journey,” said Casa Mia Coliving, CEO and Co-Founder Eugenio Ferrante.

Casa Mia Coliving has raised US$2 million to date and is well-positioned to accelerate its growth in Singapore and beyond in response to the unmet demand for quality accommodation at affordable prices in Asia, added Nizar.

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