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Synopsis
A group of investors, including Highland Capital Partners, Harbert Growth Partners, Bernstein Management Corporation, Camber Creek, and Gaw Capital, led a $65m Series C round in Placemakr, a tech-enabled hospitality platform and operator that offers furnished properties for rent. "The trend of flexible-use housing continues to gain steam as cities adjust to our new travel and living patterns created by remote work. In addition to residential multi-family buildings shifting to mixed hospitality and residential use, we're also seeing an influx of office conversions as these properties in prime locations continue to sit vacant. We're witnessing a reshaping of downtown cities' structure and function, and we're proud to lead that conversion alongside our investors and development partners," Jason Fudin, Placemakr CEO and Co-founder.
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