Kinnevik AB’s $50 Million Series D Funding Round

Fenwick & West LLP advised Kinnevik AB on the deal.

Common announced a $50 million Series D funding round led by Kinnevik and with participation from existing investors including Norwest Venture Partners, 8VC and Maveron.

Common is a leading residential brand that designs, leases and manages multifamily properties that appeal to today’s renters. With proven institutional partnerships and over 17,600 residential units under development in 26 global cities, Common will continue to grow its multifamily operating platform and family of brands with new funding and a trusted, long-term oriented partner in Kinnevik.

Kinnevik is an industry-focused investment company that partners with founders and management teams to build businesses that use disruptive technology to address material, everyday consumer needs.

The Fenwick transaction team included corporate partner Ian Goldstein (Picture), associates Eugene Karlik and Jennifer Wu and law clerk Sullivan Berthier.

Involved fees earner: Sullivan Berthier – Fenwick & West LLP; Ian Goldstein – Fenwick & West LLP; Eugene Karlik – Fenwick & West LLP; Jennifer Wu – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Kinnevik;

Author: Ambrogio Visconti