Quarters Holding GmbH (formerly Medici Living Holding GmbH), the largest co-living operator in North America and Europe, had completed a fundraising round that will finance is US expansion.
Existing shareholder, W5 Group, led the round, said co-founder and CFO, Ferdinand von Fumetti.
Rui Barros, the newly appointed CEO, who was previously the COO of Quarters, stated, “We are excited to further fortify our leading position in the industry. Our members enjoy the benefits of this innovative approach as we cultivate an engaging community in our state-of-the-art properties.”
To prioritize the expansion in the United States, founder Gunther Schmidt transitioned from the CEO into an advisory role.
“I have now founded two very successful companies, Quarters, the leading co-living operator, and eKomi, the leading consumer feedback company. I look forward to the next chapter in my career as well as supporting Quarters in reaching its full potential,” he said.