HenQ leads €5m series-A round for Housing Anywhere
Dutch venture capital firm henQ has led a €5m series-A round for Rotterdam-based student accommodation platform Housing Anywhere, a year after making its first investment in the group.
For this round, HenQ was joined by Real Web, an Italian marketing and advertising company offering strategic consulting services and operating Immobiliare.it, a real estate website operating in Italy and Poland.
The funding should help Housing Anywhere reach its target of operating in 100 countries by 2018 (compared to 44 currently), a company statement read. The business is also planning to hire new staff to fuel its ongoing expansion.
In September 2015, HenQ announced the closing of its third fund, HenQ III, on €50m after seven months on the road. The fund focuses on software startups mostly headquartered in the Netherlands, with investment tickets ranging from €100,000-10m. It also considers co-investment opportunities with firms it has previously partnered with, such as Sequoia Capital, Index Ventures and Excel Partners.
Previous funding
In February 2015, HenQ led a $1m seed round for Housing Anywhere, alongside two unnamed investors. The three parties took a minority stake in the business. The fresh capital was intended to expand the company further abroad.
The new funding round brings the total amount raised by the startup to $6.27m.
Company
Founded in 2008 and headquartered in Rotterdam, Housing Anywhere operates an online platform that provides student-to-student housing services. The premise of the website is to allow students to advertise their rooms for rent while simultaneously allowing them to search for somewhere to rent during their international study term. The platform lists commercial housing properties and facilitates short-term rental swaps for students to live overseas without giving up their existing tenancy agreements.
The company claims its website currently lists 44,996 places to rent for the upcoming semester, spread across 239 cities and 44 countries worldwide.
People
HenQ – Herman Hintzen, Coen van Duiven, Floris van Alkemade (executive partners); Jan Andriessen (associate partner).
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