Los Angeles-based co-living business Tripalink has raised $10m in a series B funding round, taking its valuation to $100m. The company, which targets students and young professionals, said it tripled its revenue in 2018 and has turned a profit since its founding in 2016. Investors Calin SJG Fund, K2VC, Tekton Ventures and Oriza Ventures participated in the latest round. Tripalink has co-living projects in properties it develops itself, as well as creating spaces for other developers. The company operates in Austin, Irvine, Los Angeles, Philadelphia, Pittsburgh and Seattle, and plans to expand to four cities by 2020.
Los Angeles-based co-living business Tripalink has raised $10m in a series B funding round, taking its valuation to $100m. The company, which targets students and young professionals, said it tripled its revenue in 2018 and has turned a profit since its founding in 2016. Investors Calin SJG Fund, K2VC, Tekton Ventures and Oriza Ventures participated in the latest round. Tripalink has co-living projects in properties it develops itself, as well as creating spaces for other developers. The company operates in Austin, Irvine, Los Angeles, Philadelphia, Pittsburgh and Seattle, and plans to expand to 30 cities by 2020.