Enso Coliving

About Enso Coliving

Enso Coliving operates as a real estate platform in the property technology sector, specializing in the management of shared living spaces. Founded in 2019 by Michael Erd Gómez, Jose Miguel Calle, Clara Sterling, and Andrés Sullivan, the company is headquartered in Barcelona, Spain. The concept for the company originated from co-founder Michael Erd's personal search for housing in Barcelona, seeking not just a space but also comfort, services, and a strong community. This personal need shaped the firm's mission.

The founders brought diverse expertise to the venture. Michael Erd Gómez holds a degree in International Economics and a Master's in International Monetary Economics, with prior entrepreneurial experience in building communities. Jose Miguel Calle is a graduate in Industrial Engineering with a specialization in industrial management and expertise in renewable energies and home automation. This blend of economic, community-building, and engineering knowledge formed the foundation of Enso's operational strategy.

Enso's business model is centered on a 'rent-to-rent' strategy, where the company leases entire properties and then sublets individual, fully-furnished rooms. Revenue is primarily generated from these room rentals, which bundle all-inclusive services such as cleaning, maintenance, and utilities. The company also offers additional paid services like laundry and private chefs. Monthly rents typically range from €600 to €900, with a minimum stay of three months. Enso serves a clientele of young professionals and digital nomads, generally between the ages of 25 and 40, who are looking for flexible, high-quality living arrangements in prime urban locations.

The company's portfolio includes properties in major Spanish cities like Barcelona, Madrid, and Valencia. A significant milestone was achieved in July 2024, when Enso secured €8.2 million in funding from the U.S. fund XY Booster to facilitate its expansion into the United States and Mexico, targeting cities such as New York, Mexico City, Boston, and Miami. This followed earlier funding rounds in 2021 and 2023 totaling over €4.5 million. The company has demonstrated strong market traction, reporting a turnover of €3.2 million in 2023 and maintaining a high occupancy rate, supported by a substantial waiting list. For property owners, Enso offers long-term lease contracts, typically for 7 to 10 years, and manages the asset entirely, including undertaking renovations at no cost to the owner.