HubHaus is a provider of a shared community platform intended to solve housing issues in the modern age.
Startup Information
- Started In - 2016
- Sector - Rental
Founder & Employees Information
- Number of Founders - 3
- Founder Name - Kerry Jones, Shruti Merchant, Sloane Yu
- No of Employees - 11-50
Funding Information
- Number of Funding Rounds - 1
- Total Funding Amount - 13.4 million
- Number of Investors - 2
Startup Failure
- Closed -
- Cause of Failure -
What was
Shruti Merchant started HubHaus in 2016 with the vision of allowing anyone new to an area to have immediate access to a community. as she lived in shared housing for years with people who became his best friends. she wanted everyone to similarly be a little less lonely when they moved to a new city.
Why
The pandemic exacted a sharp toll on co-living companies, as rental costs in major cities plummeted and people became reluctant to live with strangers. This is the only reason behind HubHaus shutdown.