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Blueground raises $20M

VentureFriends led the round

Blueground team (Credit: Blueground)

Blueground has raised $20 million in a round led by VentureFriends. The startup leases apartments from landlords and subsequently subleases the fully furnished apartments to renters looking for a turnkey living solution. 

Target Audience: The typical blueground clients are business executives who stay for minimum of one month, and an average of seven months.

Heard on the Street: Co-founder Alex Chatzieleftheriou told the Daily Beat: “The current stock of corporate housing in the city has left much to be desired, and we are filling a crucial gap by providing modern, tech-enabled residences. Using Blueground to fill units ensures steady cashflow and value-added financing solutions that maximize a property’s annual yield.”

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