Common raises $50M, eyes housing for remote workers

With its eye on housing for remote workers, co-living startup Common has raised $50 million in new funding.

The Series D was led by Kinnevik with participation from existing investors Maveron, 8VC and Norwest Venture Partners, CEO Brad Hargreaves wrote in a blog post Tuesday. The round brings Common’s total funding to more than $113 million at a time when urban rental markets are struggling due to the pandemic.