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Medici raises $300M from W5 Group

Co-living company will use the money to expand throughout the United States

Medici Team (Credit: Medici)

Co-living company Medici Living Group has raised $300 million as part of a JV with investment firm W5 Group to develop 1,500 units across the United States, according to Crain’s.

When the leader of the space is having trouble… WeWork told investors in 2014 that WeLive would open 69 locations by the end of 2018 — only two exist. This should give landlords pause about the viability of the model.

Competitors include… WeLive, Ollie, The Collective, Common, and Bungalow.

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