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Blueground Raises $180 Million In New Funding To Accelerate Growth As Demand Rises For Flexible Rentals

Sep 20, 2021•almost 4 years ago

Amount Raised

$180 Million

Description

Blueground, a PropTech company offering a turnkey housing solution for renters globally, today announced that it has raised $180 million in Series C financing. In this round, Blueground raised $140 million in equity financing led by WestCap, with participation from Geolo Capital, VentureFriends, and Prime Ventures. In addition, Blueground raised a $40 million debt facility from Silicon Valley Bank. Together with this new round, Blueground has raised a total of $258 million.

Company Information

Company

Blueground

About

Blueground is a global PropTech company that 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’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, providing a seamless experience end to end. Blueground is headquartered in New York City, with a portfolio of thousands of apartments in 15 cities worldwide including in New York, Los Angeles, San Francisco, Boston, Chicago, Washington D.C., Denver, Seattle, Austin, Dubai, Istanbul, Paris, London, Vienna and Athens. Blueground plans to expand to 50 cities by 2025. Find us on Facebook, LinkedIn, Instagram, Twitter or at www.theblueground.com.

Funding Insights

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