
In addition to Daniel Ek and Martin Lorentzon, the funding round also featured VY Capital, Horizons Ventures, Expa and Xiaomi VP Hugo Barra.
Student.com launched in 2011 and claims to be ?the largest accommodation marketplace for students studying abroad?. The sector it operates in was once a convoluted effort for students seeking overseas housing, thus the service is designed to be simple and secure. Due to the nature of the business, the website comes in 11 languages, while multilingual team members ? collectively they speak 35 languages ? can be found among the 200 employees. The investment will drive growth in new markets, with an expansion set to take place across the US, Latin America and the Middle East in the coming months. This will build on the seven existing locations, which include New York, Shanghai and Hong Kong. Capital will also be spent on growing the team alongside the territory growth, while the tech powering the platform will also be enhanced. This will coincide with the company?s promise to list accommodation, close to 1,000 universities, across 426 cities.Read more on investments:
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- Programmatic ad platform of Boots, Michael Kors and Airbnb raises $6m from MMC Ventures
- Index Ventures bolstered with $1.25bn VC fund and former Twitter CEO
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