Chinese start-up Danke Apartment has been valued at $500 after raising $2bnm in a series C funding round, led by new investor Ant Financial and existing backer Tiger Global Management. Danke is maximising the boom in rental property in China, offering small but fully-furnished urban housing to office workers and college graduates, alongside housekeeping and maintenance services. The company will use the funds to upgrade its AI-backed digital data processing system, which oversees rental transactions, improve its apartment amenities and tenant experiences, and explore entering the blue-collar worker market.
Chinese start-up Danke Apartment has been valued at $2bn after raising $500m in a series C funding round, led by new investor Ant Financial and existing backer Tiger Global Management. Danke is maximising the boom in rental property in China, offering small but fully-furnished urban housing to office workers and college graduates, alongside housekeeping and maintenance services. The company will use the funds to upgrade its AI-backed digital data processing system, which oversees rental transactions, improve its apartment amenities and tenant experiences, and explore entering the blue-collar worker market.