What is Blueground?
Founded in 2013 and headquartered in New York City, Blueground operates within the proptech industry, specializing in offering furnished apartments for stays of 30 days or longer. The company targets vetted guests, providing a flexible and premium accommodation solution that bridges the gap between traditional hotels and long-term rentals. Blueground's business model leverages technology to streamline the booking, management, and living experience for its clientele, positioning it as a key innovator in the flexible living space.
How much funding has Blueground raised?
Blueground has raised a total of $285.6M across 7 funding rounds:
Angel/Seed
$1.4M
Private Equity
$1.4M
Series A
$5.9M
Series B
$50M
Debt
$2M
Series C
$180M
Series D
$45M
Angel/Seed (2015): $1.4M with participation from VentureFriends
Private Equity (2016): $1.4M, investors not publicly disclosed
Series A (2017): $5.9M supported by VentureFriends and Endeavor Global
Series B (2019): $50M featuring WestCap Investment Partners and Prime Ventures
Debt (2020): $2M backed by PPP
Series C (2021): $180M with participation from Silicon Valley Bank, WestCap Group, Prime Ventures, VentureFriends, and Geolo Capital
Series D (2024): $45M led by Private Equity Investments and Westcap
Key Investors in Blueground
Private Equity Investments
Private Equity Investments is an entity focused on supporting innovative startups by providing financial backing and strategic partnership to help companies achieve their full potential and move forward.
Westcap
Westcap Mgt. Ltd. is a seasoned private equity and venture capital fund manager with over 25 years of experience, specializing in investing in and partnering with high-growth companies to foster their expansion.
Silicon Valley Bank
Silicon Valley Bank is a financial institution offering a comprehensive suite of banking and investment services, primarily catering to the technology and innovation sectors.
What's next for Blueground?
The recent major strategic investment signals Blueground's transition into a scaling phase, likely aimed at further market penetration, technological advancement, and operational expansion. With substantial backing, the company is poised to enhance its property portfolio, refine its digital platform, and potentially explore new geographic markets. This capital infusion is expected to solidify Blueground's competitive advantage and support its long-term vision of transforming urban living through flexible, tech-enabled housing solutions.
See full Blueground company page
