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Coliving gets real with Common raising $40M Series C

Okay, not that coliving wasn’t real before, but now it’s really real.

Brooklyn’s coliving king, Common, announced Tuesday a $40-million round of Series C venture funding, led by Norwest Venture Partners at an undisclosed valuation.

“We certainly are aiming to build a global company,” Common founder Brad Hargreaves told by phone Wednesday morning. “There are a number of cities, at least a dozen in the U.S., that face some sort of housing crisis. You have the cities we’re in right now but a number of cities we’re not in, up and down the northeast corridor and west coast, and even a place like New Orleans, where we announced a house.”

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