VentureFriends led the round
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.”