Brooklyn, New York -- Community housing membership company Common has raised $1.7 million in new venture capital debt funding, according to an SEC regulatory filing.
Common is developing a network of flexible, furnished housing for month-to-month membership purposes.
Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
A total of five investors participated in the offering.
Common is still seeking $3.3 million in additional debt investment, according to the filing.