Thursday, July 5, 2018

Starcity Lands $1M For Co-Living Communities

San Francisco-based Starcity, which develops "community-based living" developments aimed at the up-and-coming tech set, said this week that it has raised $1M more in funding, to help it with development of a new community in San Francisco's NOPA neighborhood. Starcity said the funding came from David Makharadze and his company Prophit Investments. The company previously raised funding from Bullpen Capital, NEA, Social Capital and Y Combinator. Starcity, led by co-founder and CEO Jon Dishotsky, converts multi-family, hotel, and office buildings to residential co-living properties into themed "community-based living" experiences, which bring together mostly younger professionals who have access to shared kitchens, sitting areas, and TV areas, plus a payment which includes utilities and shared supplies, as well as shared services like home cleaning, with the option to add on extra services like laundry or dog walking.