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habyt.com →

-23%

est. 2Y upside i

Vertical SaaSSeries D+

Stage: early. Country: Germany

Rank

#2295

Sector

Real Estate Services

Est. Liquidity

~1Y

Data Quality

Data: High

Habyt presents a moderate upside opportunity for a job seeker.

Last updated: March 10, 2026

Bull (35%)+100%

Habyt successfully executes its IPO at or above the targeted EUR 1bn (~$1.08B) valuation by end of 2025, driven by continued strong revenue growth (40%+ YoY), successful integration of acquisitions (Common, Hmlet), and achieving group-level profitability. This would represent a significant multiple expansion from the current 1.5x ARR, reaching a valuation of approximately $648M (adhering to the 100% upside cap for this stage).

Base (35%)+50%

Habyt maintains its 40% YoY growth, reaching ~$420M ARR in two years, and achieves profitability. Valuation increases to ~$486M, reflecting solid execution but limited multiple expansion due to competitive pressures or market conditions, resulting in a moderate return for common shareholders.

Bear (30%)-40%

Increased competition from incumbents like Ascott's lyf brand and other well-funded co-living players leads to pricing pressure and slower growth. Profitability targets are missed, and a challenging funding environment results in a down round or a lower-than-expected exit valuation of ~$194M, wiping out a significant portion of common stock value due to the severe liquidation preferences.

Est. time to liquidity~0.8 years

Preference Stack Risk

severe

Funding Intensity

50%

Investors hold $163M in liquidation preferences, which is 50.3% of the current $324M valuation, indicating a severe preference stack ahead of common shareholders.

Dilution Risk

high

As a Series D company planning an IPO, there is a high risk of further dilution from potential pre-IPO rounds and the IPO itself.

Secondary Liquidity

none

There is no public information indicating active secondary markets or tender offers for Habyt's equity.

Questions to Ask at the Interview

Strategic questions based on homefully's data — designed to show you've done your homework.

  • 1

    “Given the stated IPO target of EUR 1bn by end of 2025, how is Habyt planning to navigate potential market volatility and ensure it achieves group-level profitability to support that valuation?”

  • 2

    “With incumbents like Ascott actively expanding their co-living brands, what specific strategies is Habyt implementing to strengthen its competitive moat beyond its digital-first approach and M&A activities?”

  • 3

    “Considering the significant amount of capital raised and the preference stack, what is the company's philosophy on employee equity, and what mechanisms are in place to ensure common shareholders see meaningful returns at a liquidity event?”

Community

Valuation Sentiment

Our model estimates -23% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.