# Hmlet Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hmlet-pte

- Industry: Commercial Property
- Headquarters: Singapore, Singapore
- Website: www.hmlet.com
- Total disclosed funding: $53M
- Latest round: Series C (May 20, 2022)
- Investors on record: 8

## About

Based in Singapore, Singapore, and founded in 2016, Hmlet Pte. Ltd. operates as a property tech and co-living company that provides rooms and full apartments for rent. In June 2019, the company raised USD 40 million in a Series B round, which was led by Burda Principal Investments with participation from Sequoia India, Reinventure Group, Mitsubishi Estate Co as well as angel investors. In May 2021, Hmlet Pte. Ltd raised USD 6 million in a Series B funding round co-led by Burda Principal Investments and Sequoia Capital, with participation from Aurum, Beeblebrox, and Reinventure. As of December 2020, the company employs approximately 70 people. 

Hmlet offers co-living rooms and apartments across 100 locations with more than 1500 properties. In May 2020, the company launched new properties in Emerald Hill and Tiong Bahru that include 92 rooms, which accounts for a total of 48 properties and more than 1,000 rooms in Singapore. In addition, the company's co-living spaces come under three categories, which are basics, lounge and kitchen. Basics cover bedroom along with room amenities, such as bedside stand, air-conditioning, free high-speed wi-fi, queen-sized bed and more. The lounge covers a sitting area, coffee table and workspace. Kitchen covers induction hob, full set of tableware (for 4), cooking utensils, microwave, fridge and more.
 
The company plans to use its proceeds from May 2021 to diversify into managing properties that have been acquired by existing hotels in Hong Kong, Singapore, and Japan. In addition, the company will also invest in distressed hotels in the Asia-Pacific and turn them into co-living spaces.

## Funding rounds

- Series C, May 20, 2022, $9.5M — Hong Shan, InnoVen Capital, Genesis Alternative Ventures, Aurum, Beeblebrox
- Series B, May 18, 2021, $6M — Hong Shan, Reinventure, Burda Principal Investments, Mitsubishi Estate, Beeblebrox
- Series B, Jul 26, 2019, $31M — Hong Shan, Reinventure, Burda Principal Investments, Mitsubishi Estate, Beeblebrox
- Series A, Oct 18, 2018, $6.5M — Hong Shan, Aurum

## Investors

- Hong Shan — Series A, Series B, Series C
- Aurum — Series A, Series C
- Reinventure (https://capitalatlas.ai/funds/reinventure) — Series B
- Burda Principal Investments (https://capitalatlas.ai/funds/burda-principal-investments) — Series B
- Mitsubishi Estate — Series B
- Beeblebrox — Series B, Series C
- InnoVen Capital — Series C
- Genesis Alternative Ventures — Series C