M Village, a start-up providing short-term and long-term accommodation services, has raised $2.3 million in an internal funding round to accelerate its dream of appearing in big cities at the beginning of the fourth quarter.
Before that, in March 2022, the startup raised $1.7 million from domestic and foreign investors, including Simple Tech Investment (STI), a company utilising technology to transform businesses across Asia; Singaporean venture capital, Asia’s largest revenue-based financing platform, offering funding and growth solutions to digital merchants; and Japanese investment fund Genesia Ventures and Access Ventures.
Despite entering the market at the peak of the epidemic, M Village has shown that its model is suitable for young people as evident by 27 establishments with over 90 per cent of occupancy rate, along with two hotels under the Signature by M Village brand targeting the high-end consumer segment.
“With the ambition to redefine 'happy living' and targets young customers, who grew up with technology, media and an integrated economy, so their abilities to connect, adapt, and desire to share with people with similar ideals is extremely great, M Village will be a place where 'living is not just limited to four walls', it must be a world full of inspiration with ideas, meaningful connection, diverse cultures,” CEO and co-founder Nguyen Hai Ninh of M Village shared.
To meet the demands of young urban residents for relaxation and remote work, Hanoi will be the next destination that M Village expands this year.
Established in 2021, M Village not only provides short-term and long-term accommodation solutions in airy apartments with beautiful views but also institutes a convenient ecosystem, including diverse amenities from working, dining, and healthcare to community ecological activities in a friendly space and linked to each other by technology, to bring the most liberating, connected, and creative experience.
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