SINGAPORE (July 23): Singapore-headquartered co-living operator Hmlet has secured funding of US$40 million ($54.4 million) in its latest Series B round, allowing it to continue bridging gaps in demand for affordable, flexible and secure housing across the region.

This round was led by Burda Principal Investments, with participation from existing investor Sequoia India and new investors Mitsubishi Estate Co, Reinventure Group, and angel investors.

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