Badi, Caterina House merge to form Spain's biggest flex living platform, €250M AUM
What's the deal? Badi and Caterina HouseDealroom has a profile for this one. Try Dealroom → have agreed to merge, creating Spain's largest flex living platform, according to EjePrime. The transaction combines co-living, flex living, and high-end housing services into one ecosystem, with total assets under management of €250 million.
Who's who? Badi, founded in 2015, runs a digital marketplace for flexible housing with 5 million registered users and 350,000 active monthly users. Caterina House, established in 2010, is a residential operator managing co-living and high-end assets with institutional backing.
What's the endgame? The merger pairs Badi's digital brand and user base with Caterina House's operational leadership and institutional relationships. The new entity will focus on Madrid, Barcelona, and Valencia, and aims to exceed 7,000 operating units within four years.
Who's funding it? The transaction, still underway, comes with a capital increase led by Barlon CapitalDealroom has a profile for this one. Try Dealroom → and MeridiaDealroom has a profile for this one. Try Dealroom →, Caterina's majority shareholder since 2023. Meridia, which manages €1 billion in assets, is launching Fund VI to raise €500 million — its largest vehicle to date.
The signal: Spain's flex and co-living market is consolidating as digital platforms and traditional operators combine scale with institutional capital.
Read more: Coworking Europe · EjePrime
Image credit: Cristy Valencia
