Berlin—Global law firm Dentons has advised co-living operator theBASE FOL Group GmbH ("The Base") on its Series A financing round. In addition to the existing shareholders, new investors include Skjerven Group tech investment company 32nd Floor and Gries Deco Company. The Base will use the capital raised to expand in Germany and Europe, and further develop its own community management system.

The Base was founded in Berlin in 2019 with the vision of creating a future of living that promotes more a greater sense of community and counteracts loneliness in urban areas. In the second half of 2021, the company will open its first co-living property in Berlin Pankow with over 320 apartments, as well as community spaces and a co-working area. By 2025, it aims to open at least 15 homes or about 15,000 units in Germany and Europe. The company is developing a self-learning housing, tenant and community management system, which will analyze the interests of users in order to derive personalized recommendations for actions and improve tenant satisfaction. The components of the system will include a community app, a survey system and a new data and booking management system.

A Berlin-based Dentons team led by Thomas Schubert provided comprehensive advice to The Base on the Series A financing round. 

Advisors to theBASE FOL Group GmbH:

Dentons (Berlin): Thomas Schubert (Partner, lead), Max Purnhagen (Associate), David Hauser (Associate, all Corporate/ Venture Technology).

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