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Lyvly scores $4.6M for its members-based shared living and rental platform

Lyvly, a London-based startup that offers what might best be described as a members-based shared living and rental service, has raised $4.6 million in Series A funding. Leading the round is Mosaic Ventures, while Greg Marsh, who co-founded Onefinestay, has joined the burgeoning company as chairman and investor. The latest take on how to improve the experience for “generation rent” in sprawling cities like London, Lyvly is at its most basic a two-sided marketplace that helps renters find high-quality shared living accommodations and landlords find good tenants. However, it goes far beyond simply matching supply and demand for house shares. Not only are properties fully managed — including providing tenant services such as managing household bills, replacing consumables and cleaning — but at the heart of it all is the Lyvly community platform, which treats Lyvly renters as members within a network of “like-minded individuals who share a passion for shared living.” And, as wishy-washy as that sounds, there is no doubt that city living is often devoid of community, and in London especially it can be difficult to meet new people. “Renting is often not a pleasant experience, and living in cities can be lonely and stressful,” says co-founder and CEO Philip Laney. “Moving into your new apartment, sorting out furniture and utilities, and then trying to connect with busy people around you all whilst working long hours in a transient economy are frustrations many of us have experienced. We are confronting three problems for renters in the city: their desire for community, convenience and affordability.” Laney says the current way people rent shared accommodations is also painful for landlords, who don’t have consistency and control over the quality of their tenants, and often pay high fees to a middle-person and struggle with vacancy rates. “We provide them guaranteed income with no voids and no fees, and a genuinely positive social impact,” he says. For renters, Lyvly operates a little like a members club. Once you’ve applied to join the community, you have a call with a member of the Lyvly team to learn more about your “life stage…

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