Blueground Raises $45M in Series D Funding
Summary
Blueground, a NYC-based global operator of furnished, flexible rentals for 30+ day stays, raised $45M in Series D funding. In addition, Blueground raised a debt facility from Barclays with participation from Morgan Stanley, Deutsche Bank and HSBC, which replaced its prior facilities with Silicon Valley Bank (SVB). The company intends to use the funds to accelerate the development of its technology and new strategic initiatives. Led by CEO Alex Chatzieleftheriou, Blueground is a PropTech company that is working on how people live with its curated network of homes in sought-after neighborhoods around the globe, available for stays of a month or longer. Its tech-enabled platform provides a fully digitized experience from viewing and booking available apartments within minutes to managing the entire stay through the Blueground Guest App.