Tripalink has secured $5m in a funding round led by Calin SJG Fund, with contributions from K2VC, eBroker and Tekton Ventures. The Los Angeles-based Chinese start-up is working on building co-living communities targeting millennials, using insights from the international rental market. While ensuring the personal private space, a Co-living community also provides spacious and versatile common areas to fully meet the residents' demands in social interaction. " In China, there are more than 100 million people aged between 20 to 34 who rent out their homes or apartments, according to data compiled by the China Association of Realtors. It has two main offerings, U-Living and V-Living, and expects 20,000 people to be living in its homes by 2020. It said the funding round money will go toward the expansion and upgrading its products and services.
Tripalink has secured $5m in a funding round led by Calin SJG Fund, with contributions from K2VC, eBroker and Tekton Ventures. The Los Angeles-based Chinese start-up is working on building co-living communities targeting millennials, using insights from the international rental market. In China, there are more than 100 million people aged between 20 to 34 who rent out their homes or apartments, according to data compiled by the China Association of Realtors. It has two main offerings, U-Living and V-Living, and expects 20,000 people to be living in its homes by 2020. It said the funding round money will go toward the expansion and upgrading its products and services.