Singapore-based Hmlet, which claims to be the city-state’s first tech co-living space, has raised a $1.5 million seed round led by Aurum Investments.
The round was also backed by several angel investors, including seasoned angel investor Huang Shao-Ning, co-founder of JobsCentral Group and partner at Entrepreneur First.
Incorporated in 2016 by co-founders Yoan Kamalski and Zenos Schmickrath, Hmlet runs co-living spaces where young working professionals can rent rooms and apartments at an affordable price on a month-by-month basis with a minimum commitment of three months.
This latest funding round will see Hmlet expand to Hong Kong and Osaka, as well as expand its portfolio in Singapore and Tokyo.
Hmlet is one of the first investments made by Aurum Investments, a Singapore-based venture fund that is a subsidiary of Woh Hup Holdings Pte Ltd. It is an affiliate of collaborative innovation workspace Collision 8.
Hmlet recently inaugurated its new building spread across 7000 sqft. in East Coast (339 Joo Chiat road). Since opening six weeks ago, Hmlet claims a 95 per cent occupancy rate.