Common has closed a $40M Series C financing round led by Norwest Venture Partners.

Common is making the experience of living with roommates better, keeping the good parts of living with othersŠ-Šthe social environment and affordabilityŠ-while removing the annoyances. We thoughtfully consider the difficulties of city living; membership at Common includes rent, all utilities, WiFi, weekly cleaning of shared spaces, furnished apartments, flexible lease terms, and seamless transfers between the homes and cities in our network. By doing this, we're providing cities with a new type of housing through adaptive reuse and ground-up developments specifically designed for roommates. And we've seen tremendous interest from rentersŠ-we receive over 1,000 applicants per week and over 70% of Common members on 12-month leases renew each year.