STUDENT ACCOMODATION
Launched in 2018 , DigsConnect . com has achieved 300 % year-on-year growth after university students returned to campus post-Covid . The startup now lists 1.3 million beds worldwide . The student housing sector is booming , with global investment into purposebuilt student accommodation exceeding $ 16 billion in 2018 . Despite the pandemic , this asset class is resilient and still growing rapidly as student enrolment continues to skyrocket .
" The tech startup industry is experiencing a funding winter at the moment , so the fact that we received so much early support from excellent pan-African and US investors speaks volumes about the strength of the team , the value of our strategic partnership , our strategy of early profitability , and sound unit economics .”
“ The DigsConnect . com PropTech marketplace ’ s revenue traction , smart customer and inventory acquisition strategies , and strong founding team appeals to us as does the substantial total addressable market ( TAM ) in student housing . This investment provides interesting portfolio connectivity to several of our 115 portfolio companies who are interested in bettering university students globally ,” said Zach George , Launch Africa Ventures General Partner .
Goodwater Capital is a Silicon Valley venture capital fund , with a history of investing in consumer facing tech start-ups including the likes of Monzo and Facebook . Their investment cements DigsConnect . coms position as an up-and-coming international powerhouse in the realm of PropTech .
Five35 has a decade-long track record of venture building alongside some of the smartest female-led founding teams in
152 AUGUST 2022 SA Real Estate Investor Magazine