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§ Private Profile · New York City
Proptech platform providing flexible, fully furnished apartments for business travelers and long-term renters, focused on global extended stays.
Blueground Co has raised $467.9M across 8 funding rounds.
Key people at Blueground Co.
Blueground Co has raised $467.9M in total across 8 funding rounds.
Based in Athens, Greece, Blueground Co is a property technology company that manages and rents fully furnished apartments for extended stays of thirty days or more. The platform operates a global portfolio of 15,000 apartments across 32 cities in 17 countries, serving a user base of nearly 50,000 guests over the past decade. The enterprise reached a valuation exceeding $1 billion following a $45 million Series D funding round, adding to previous capital raises that include a $180 million Series C. Blueground Co is backed by prominent institutional investors and financial entities, including WestCap, Morgan Stanley, and Barclays. Supported by a workforce of over 700 employees, the firm recently expanded its Latin American market presence through the strategic acquisition of Tabas. The organization was founded in 2013 by Alex Chatzieleftheriou, Alexis Maragkos, Andreas Nezeritis, and Penny Papakonstantinou.
Blueground Co has raised $467.9M across 8 funding rounds. Most recently, it raised $45.0M Blueground - Series D in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2024 | $45M Series D | — | AlleyCorp, Endeavor Catalyst, VentureFriends, WestCap, Dean Carlson | Announced |
| Sep 20, 2021 | $180M Debt Financing | Laurence A. Tosi | John A. Pritzker, Prime Ventures, Silicon Valley Bank, Apostolos Apostolakis | Announced |
| Sep 1, 2021 | $140M Series C | — | AlleyCorp, Endeavor Catalyst, VentureFriends, WestCap | Announced |
| Oct 23, 2019 | $50M Series B | Nick Kalliagkopoulos, Laurence A. Tosi | Eric Yuan | Announced |
| Mar 5, 2019 | $20M Venture Round | VentureFriends | Kevin Ryan, Endeavor Catalyst, Jabbar Internet Group | Announced |
| Apr 6, 2017 | $5.9M Venture Round | — | Endeavor Catalyst, VentureFriends | Announced |
| Apr 1, 2017 | $25M Series A | — | Accel, Accomplice VC, AlleyCorp, Endeavor Catalyst, Greylock, NextView Ventures, RPM Ventures | Announced |
| Jan 1, 2016 | $2M Seed | — | VentureFriends | Announced |
Blueground Co has raised $467.9M in total across 8 funding rounds.
Blueground Co's investors include AlleyCorp, Endeavor Catalyst, VentureFriends, WestCap, Dean Carlson, Laurence A. Tosi, John A. Pritzker, Prime Ventures, Silicon Valley Bank, Apostolos Apostolakis, Nick Kalliagkopoulos, Eric Yuan.
Key people at Blueground Co.
Blueground is a global proptech company founded in 2013 that provides tech-enabled, fully furnished apartments for flexible stays of a month or longer, targeting digital nomads, remote workers, corporate travelers, and nomadic professionals.[1][2][7] It operates a curated network of over 15,000 owned and managed units across 30 markets, supplemented by an invite-only Partner Network adding 18,000+ units from third-party providers, with services including 24/7 support, cleaning, grocery delivery, and wellness amenities to deliver a seamless, home-like experience.[1][2] The company solves the pain of short-term furnished rentals by offering move-in-ready homes in prime neighborhoods, emphasizing flexibility and peace of mind amid rising demand for remote and hybrid lifestyles.[1][4]
Blueground has shown strong growth momentum through strategic acquisitions like Nestpick (2023-ish) for Partner Network expansion and Travelers Haven (early 2023) to bolster U.S. corporate housing, while maintaining organic scaling via landlord partnerships.[2][4] Headquartered in New York, it serves both individual guests and enterprises, with a hybrid workforce model that mirrors its guest flexibility.[1][5]
Blueground was co-founded in 2013 by Alexandros Chatzieleftheriou (CEO) and Alexis Maragkos (Sales), starting with a vision to simplify global renting for stays over 30 days by partnering with landlords to design and furnish high-quality apartments.[2][7] Chatzieleftheriou, drawing from personal experiences with inflexible housing, built the company organically to 15,000 units in 30 cities over a decade, focusing on tech-powered seamlessness.[2][5] Pivotal moments include the 2023 Nestpick acquisition, bringing leaders Omer Kucukdere and Anıl Yeni to spearhead the Partner Network for rapid inventory growth, and the Travelers Haven integration, which enhanced on-demand corporate rentals after 15 years of that firm's U.S. leadership.[2][4]
Early traction stemmed from guest-first innovation, evolving into a hybrid model blending owned properties with vetted partners, while fostering a "BeeGees" culture of curiosity and flexibility for employees.[1][5]
Blueground stands out in the furnished rental market through:
These elements create a "show up and start living" experience, prioritizing quality curation over commoditized listings.[3]
Blueground rides the remote work and digital nomad boom, accelerated by post-pandemic shifts where 30+ day flexible housing demand surged amid hybrid careers and global mobility.[1][2][4] Timing aligns with proptech maturation—tech platforms disrupting legacy rentals—fueled by market forces like urban migration, corporate relocations, and essential worker needs (e.g., healthcare infrastructure).[4] It influences the ecosystem by normalizing mid-term furnished stays as a scalable alternative to hotels/Airbnb, onboarding partners to elevate standards, and investing in team tech for superior UX, while navigating challenges like 2025 LA fire-related price-gouging scrutiny amid crisis housing pressures.[7]
Blueground is poised to dominate global flexible living as nomadism grows, potentially doubling inventory via Partner Network expansions and tech integrations from Nestpick/Travelers Haven.[2][4] Trends like AI-driven personalization, sustainability in proptech, and enterprise housing demand will shape it, with risks from regulatory scrutiny on pricing in disasters.[7] Its influence may evolve toward a full-service "living OS" platform, blending residences with lifestyle services, cementing its role in redefining urban transience—just as it began by making the world feel like home.[1][2]
