A ‘shared living’ community has raised £3.5m in investment.

Lyvly will use the money, from venture capital firm Mosaic Ventures and entrepreneur Greg Marsh, to expand its portfolio of homes in London.

The flat-sharing lifestyle business targets 25-35-year olds, living in both build-to-rent developments and in private rental homes.

It already manages over 100 homes in London.

It finds and matches tenants, who are approved by other members of the community.

Philip Laney, co-founder and CEO of Lyvly, said: “Today’s renters are looking for much more than existing housing offers.

“They want community, connectivity, and social purpose.

“Lyvly provides that by bringing like-minded people together at similar life stages to live together at a more accessible rental level and helping them to get more out of life with simple services and great connections.”

Greg Marsh, who founded onefinestay, has joined Lyvly as chairman.