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Stock impact report

Starcity Raises $30 Million In A Post-WeWork, COVID Crisis To Scale Its Affordable Co-Living Spaces [Forbes]

Equity Residential Common Shares of Beneficial Interest (EQR) 
Last equity residential common shares of beneficial interest earnings: 1/28 04:16 pm Check Earnings Report
US:NYSE Investor Relations: investors.equityapartments.com
Company Research Source: Forbes
Starcity welcome dinner in Los Angeles.In a city like San Francisco, there are generally two options when it comes to apartment rentals: Go for the expensive, luxury high-rise buildings or spin the Craigslist roulette, with the risk of ending up in someone’s living room. In 2016,saw an opportunity to bridge this gap and created affordable co-living spaces in the Bay Area. Four years later, the company has 12 locations across San Francisco, Oakland and Los Angeles, and announced today its Series B round of $30 million. Investors include Bullpen Capital, Deciens Capital, Pay It Forward VC, Peak State Ventures, Reshape and Y Combinator.Raising this amount of capital is no small feat, especially in a post-WeWork era, where most investors run for the hills upon hearing the prefix “co”.“We definitely had the whole cloud of WeWork lurking over us,” Starcity co-founder and CEO Jon Dishotsky told me in an interview. “So we had a lot of questions about how this is different.”Not Another WeWorkT Show less Read more
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