6 years ago

Blueground Secures $50M Series B to Expand Globally and Double Dubai Footprint

  • Athens-based Blueground, a premium furnished rental apartment service, has raised $50 million in a Series B round led by Prime Ventures and WestCap

  • The funding will be used to fuel the company's growth in Dubai, where it plans to double its portfolio to over 1,000 apartments, and expand to new cities including London, Paris, and Seattle

  • Blueground distinguishes itself from short-term rental platforms like Airbnb by offering flexible leases with a minimum stay of one month and targeting business travelers and remote workers

  • The company partners with institutional landlords and focuses on properties in popular neighborhoods.

      • ProblemTechnology Infrastructure

      "The lack of convenient and flexible short-term rental options for business travelers and remote workers who need to stay in a place for an extended period of time."

      Solution

      "Blueground offers high-end, fully-furnished apartments for a minimum stay of one month up to a year or longer, with options to relocate to different neighborhoods or cities with a 15-day to 30-day notice period, providing flexibility and convenience for guests."

      Covered on