Student.com, an online booking platform to help international students find accommodation in other countries, has raised $60 million from investors including Spotify's founders and the fund of one of Asia's richest men.
The investment was led by VY Capital, with Horizons Ventures – the venture capital fund of Li Ka-Shing, the Hong Kong tycoon – also participating. Spotify founders Daniel Ek and Martin Lorentzon and Hugo Barra, Xiaomi's vice president of international, were also involved.
Student.com operates a Booking.com-style service, specifically for university accommodation. The start-up expects to have properties in 426 cities globally in close proximity to over 1,000 universities.