Keppel Land Limited has taken a strategic minority stake in Singapore-based co-living company Cove as the lead investor in the start-up’s US$4.6 million ($6.1 million) Series A funding round.

Cove was founded in 2018 and is a co-living company that is one of Southeast Asia’s fastest-growing companies in the industry.

The company seeks to reimagine urban rental for young people, many of whom have flexible housing needs which are not met by conventional home rental models.

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