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Ukio, A Premium Apartment Rental Platform For Europe’s ‘Flexible Workforce’, Raises $28M

Nov 23, 2022•over 2 years ago

Amount Raised

$28 Million

BarcelonaHotelReal EstateHospitality

Investors

Kreos CapitalFelix Capital

Description

Ukio, a short-term furnished apartment rental platform aimed at the “flexible workforce,” has raised €27 million ($28 million) in a Series A round of funding. The cash injection constitutes €17 million in equity and €10 million in debt, and follows some 14 months after the Spanish company announced a €9 million seed round of funding.

Company Information

Company

Ukio

Location

Barcelona, Catalonia, Spain

About

Ukio’s mission is to empower people to live where they want, when they want by providing them a home wherever they go. We do this by disrupting the traditional residential real estate market by offering furnished and serviced apartments for stays of one month or more. We remove all the hassle around finding a rental with no long-term contracts, moving/buying furniture, security deposits, etc. giving choice and flexibility to allow people to immerse themselves in new cities and cultures. Ukio was founded in 2020 by two brothers with deep experience in hospitality and technology, and backed by top European Venture Capitalists. We are based in Barcelona, with offices in Madrid, Lisbon, Berlin, and expanding across Europe soon.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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