Investment Year

2019

Website
Details

Union Apartment provides curated apartment living to international students studying at US universities. They provide a bespoke residential marketplace focused on international Chinese students.

Rationale

Union Apartment operates in the student co-living space, with a focus on Chinese students and providing a true home away from home community model. The apartment, co-living, co-working marketplace model has become popular with investors recently with the likes of Airbnb, WeWork, Zuper and HomeShare etc.

We were most impressed by the founders, their unique defendable business model and financials which showed high cashflow generating rapid growth rates.