Cove

What Cove does

Cove is a technology-enabled co-living platform operating across the Asia Pacific region, founded in 2018 and headquartered in Singapore with primary operations in Indonesia. The company provides fully furnished rooms across three pricing tiers — Basics (from IDR 1.3M/month), Classics (from IDR 3.5M/month), and Luxe (from IDR 6M/month) — plus nightly short-stay options, with all-inclusive pricing covering utilities, WiFi, weekly housekeeping, and maintenance. It serves young professionals aged 22–35, university students, and corporate clients seeking housing solutions, operating 500+ properties and 8,000+ rooms across 6 cities in Indonesia, Singapore, South Korea, and Japan following the November 2025 acquisition of Casa Mia Coliving.

The platform is delivered through a mobile-first consumer application on iOS and Android that enables self-serve browsing, booking, payment, and resident management, complemented by a corporate sales motion for enterprise clients and direct outreach to property owners for management partnerships. On the landlord side, Cove operates three service products: Full Management Service (end-to-end operations), Sahabat Cove (branding and reputation support), and Purpose Built (ground-up co-living development consulting). Revenue is generated through monthly subscription-style room rentals and managed-services fees on third-party properties. Notable technology components include a real-time owner reporting dashboard, Matterport-powered 3D virtual tours, and integrated smart-home devices (via partner Astro) for property access and security.

Cove has reached 584,000+ registered residents with 7M+ cumulative resident days lived, and reports annualized rental income exceeding US$50 million. The company is privately held, has raised approximately US$14.5M in disclosed funding, and counts Keppel Land as a strategic anchor investor alongside Eurazeo, Picus Capital, Antler, and others. Co-founders Guillaume Castagne (CEO) and Luca Bregoli (COO) lead the company. Strategic property partnerships with Lippo Group, Keppel Corporation, MRT Jakarta, and Greenwoods anchor inventory supply, while a brand-partner ecosystem (Halodoc, Kopi Kenangan, Watsons, Lalamove, Astro) layers resident perks onto the core rental experience.

Name

Cove

Legal name

PT Cove Living Indonesia

Website

https://cove.id

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Cove is a technology-enabled co-living platform operating 500+ properties and 8,000+ rooms across 6 cities in Indonesia, Singapore, South Korea, and Japan, serving young professionals, university students, and corporate clients with fully furnished flexible-stay accommodations and end-to-end property management services.

Ownership category

akta.pro rank

Product category

Co-Living / Flexible Housing Services

NAICS

Marinas (713930), Consumer Goods Rental (5322)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)

akta.pro primary industry

Marina & Waterfront Full-Service Hotels (THAGAAAK)

akta.pro secondary industries

Beachfront & Coastal Full-Service Hotels (THAGAAAI), Coastal & Marine Nature Lodges (THAGAIAH)

Keywords

• Co-living rentals
• Flexible housing
• Property management services
• Furnished monthly rentals
• Corporate housing solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Monthly Room Rentals: Primary revenue stream from monthly room rentals across their portfolio of co-living properties. Residents pay recurring monthly fees for furnished accommodations including utilities, WiFi, and housekeeping services.
2. Property Management Services: Property owners engage Cove to manage their co-living properties in exchange for management fees. Cove handles tenant acquisition, property maintenance, and operations while providing landlords with steady rental income.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Cove operates a technology-enabled co-living platform that manages over 500 properties and 8,000+ rooms across Indonesia, Singapore, South Korea, and Japan. It offers fully furnished accommodations with flexible monthly or nightly lease terms, weekly housekeeping, WiFi, maintenance, and community events to renters. For property owners, it delivers full management services, branding support (Sahabat Cove), and end-to-end co-living property development (Purpose Built).

Product overview

Cove operates a technology-enabled co-living platform that manages over 500 properties across 6 cities in Asia, offering fully furnished rooms across three tiers (Basics, Classics, Luxe) with flexible lease terms, weekly housekeeping, and community amenities. The platform serves both renters through the Cove Mobile App and landlords through Full Management, Sahabat Cove, and Purpose Built services. The portfolio spans Indonesia, Singapore, South Korea, and Japan, with annualized rental income exceeding US$50 million.

Differentiator

Problem solved

Functional benefit

Products and services

• Cove Co-Living Platform A technology-enabled co-living platform that connects renters with fully furnished rooms in managed properties across Asia Pacific, offering flexible monthly or nightly lease terms, weekly housekeeping, maintenance, and community events. Targets young professionals and university students in urban APAC markets.
• Corporate Housing Flexible housing solutions for corporate clients and their employees, offering fully furnished units with flexible contracts, dedicated account coordinators, and negotiated corporate pricing packages for employee relocations and long-term stays.
• Full Management Service End-to-end property management service for landlords handling marketing, revenue optimization, tenant contracts, billing, staff management, and facilities maintenance, supported by real-time reporting through a dedicated owner application.
• Sahabat Cove A landlord support program that provides branding and reputation management for property owners, allowing them to leverage Cove's brand strength while maintaining independent property operations.
• Purpose Built End-to-end co-living property development service for landowners that covers product planning, market analysis, financial projections, concept and interior design, construction management, and operational setup for new co-living properties.

Quantifiable outcome

• 584,000+ registered residents have utilized Cove housing
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• HalodocminorGTM or Marketing PartnerHealth and wellness partner providing Cove residents with access to telemedicine services and healthcare consultations, enhancing the resident value proposition with health-related perks.
• Kopi KenanganminorGTM or Marketing PartnerPopular Indonesian coffee chain partnership offering residents exclusive discounts and promotions at Kopi Kenangan outlets across coverage areas.
• AstrominorGTM or Marketing PartnerSmart home technology partner providing Cove properties with connected home devices and smart locks for enhanced resident experience and property security.
• WatsonsminorGTM or Marketing PartnerHealth and beauty retail partner offering Cove residents discounts on personal care products and essentials available at Watsons stores.
• LalamoveminorGTM or Marketing PartnerLogistics partner providing Cove residents with transportation and delivery discounts for moving services and everyday delivery needs.
• Lippo GroupcoreStrategic or Co-development PartnerMajor property developer partnership for co-living property management. Lippo Group properties are managed by Cove's property management platform, representing a significant portion of Cove's portfolio.
• MRT JakartacoreStrategic or Co-development PartnerStrategic partnership providing co-living housing for MRT Jakarta employees, combining transportation infrastructure with employee housing solutions.
• Keppel CorporationcoreStrategic or Co-development PartnerSingapore-based real estate conglomerate partnership for co-living property management and development across APAC markets.
• GreenwoodscoreStrategic or Co-development PartnerProperty management partnership for co-living properties under the Greenwoods brand, expanding Cove's managed portfolio.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Habyt: Berlin-headquartered co-living operator that absorbed Hmlet, now active across Europe and APAC; a direct flexible-living competitor with similar asset-light, multi-city platform approach.
• Coliwoo: Singapore co-living operator owned by LHN Group, offering managed furnished apartments with flexible lease terms — directly comparable model, customer segment, and geography to Cove.
• Olive Living: Singapore-based co-living operator focused on design-led furnished rentals; competes head-to-head with Cove in Singapore's flexible living market for young professionals.
• Hmlet (now part of Habyt): Singapore-founded co-living operator with strong APAC presence; merged with Berlin-based Habyt in 2023, forming the closest direct competitor to Cove in flexible furnished co-living across Singapore and Indonesia.

Broad incumbents

• Airbnb: Global short-term rental marketplace that overlaps with Cove's nightly/flexible stay offering; broader incumbent with massive brand, distribution, and capital advantages in alternative accommodation.
• OYO Rooms: Global budget accommodation aggregator/franchisor active across APAC; broad incumbent competing on affordable, standardized stays with overlapping demand for managed budget accommodation.
• WeWork: Global flexible workspace operator with adjacent flex-living ambitions; broader incumbent with overlapping tech-platform and customer-base themes but different core offering (office vs. residential).
• lyf by Ascott: Ascott's serviced-residence/co-living brand by CapitaLand, operating across APAC with broader corporate backing; competes for the same young professional and corporate relocation segment with deeper capital and brand.

Emerging players

• Quarters (by IWG): IWG's flexible living brand offering serviced apartments and co-living; relevant comparable from a corporate-backed flex-living operator targeting similar young professional and corporate segments.
• Common: US co-living operator with tech-enabled platform model; relevant as a comparable tech-first co-living model but operates in a different geography (US-focused).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/cove_id
• LinkedInlinkedin.com/company/cove-living

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cove