Tripalink, founded in 2016, offers co-living space marketed towards millenials, students and young professionals. These spaces are furnished, offers a renter a private bedroom, bathroom and shared common spaces and utilities. Typically, roommates haven't met before. They offer cleaning services and building events as perks.
Depending on region, the average square footage of a four-bedroom apartment is 1,200 square feet or 1,500 square feet for a six-bedroom apartment. While dependent on market, in Los Angeles, the average rent is $1,300-1,500 per person.
In October 2018, Tripalink raised $3 million for their Seed round. K2VC Ventures led the round which included UpHonest Capital.
In February 2019, Tripalink raised $5 million. Calin SJG Fund led the round which included Tekton Ventures and K2VC Ventures. Tripalink committed some of this funding to expansion into Phoenix and Tempe, Arizona.
In August 2019, Tripalink raised $10 million. Calin SJG Fund, L.P, K2VC Ventures, Tekton Ventures and Oriza Venture participated in the round. The reached a $100 million valuation with the funding.