Hemavi secures mSEK 3.5 financing

Hemavi announced today that the company has secured financing of mSEK 3.5 to strengthen its brand presence in the countries it currently operates in. Hemavi is a human-centered co-living platform devoted to safety, compatibility, and transparency. It uses algorithm-based matchmaking to connect compatible roommates based on interests, lifestyle and daily routines, creating like-minded communities.

The round was led by Kerstin Lindell, a renowned business leader in Sweden, who currently serves as the Chairman of the Board at Bona AB and Sydsvenska Industri- och Handelskammaren.

Commenting on the announcement, Hazem Ashour, Founder: We are very proud to be backed by current and new investors who support our vision. Aside from the financial support, their expertise and trust in Hemavi and its founders will help us achieve our vision and scale our business to the next level in Sweden and across the markets where we operate.

Kerstin Lindell commented: I am excited to invest in Hemavi since I see a big relevance and potential in the business strategy. There is also great potential to scale the company and continue its international expansion. It’s a great team with a lot of knowledge and energy, who are capable of bringing Hemavi to be an international fast-growing company.

Hemavi was launched in Sweden in July 2021 and today operates in Sweden, Denmark, the Netherlands and Germany. The company has built a user base of tens of thousands of users with hundreds of lease agreements signed on a monthly basis.