Blueground is a real estate tech company that offers furnished apartments to vetted renters for stays of 30 days or longer.
Blueground is is reinventing the way people live with its curated network of thousands of quality, turnkey homes in sought-after neighborhoods around the globe, accessible for stays of a month or longer.
Blueground was founded in Athens in 2013, by Alexandros Chatzieleftheriou, Andreas Nezeritis, Penny Papakonstantinou, and Alexis Maragkos. The company is headquartered in New York, with a portfolio of thousands of apartments in 15 cities worldwide.
Blueground's tech-enabled platform provides a fully digitized experience with customer support and access to daily necessities from apartment cleanings, grocery delivery, wellness offerings, and more.
Blueground signs agreements with landlords to furnish luxury apartments and then lease them out for at least one month at a time. The company has a client-facing app for tenants to report issues and pay bills.
Blueground also has a booking platform and an internal property management system to track its portfolio, currently over 3,000 units across 15 cities. The company aims to grow to 50,000 apartments worldwide by 2023.
Blueground is backed by Westcap Group, Prime Ventures, Geolo Capital, VentureFriends, Silicon Valley Bank, Endeavor Catalyst, Jabbar Internet Group, National Bank of Greece, and others. The company raised $180M in Series C round and $40M in Debt financing on Sep 20, 2021. This brings Blueground's total funding to $297.4M to date. The new round valued the company at $750M post-money.