What is Blueground?
Founded in 2013 and headquartered in New York City, Blueground operates within the proptech industry, offering a curated selection of furnished apartments designed for vetted guests requiring stays of 30 days or more. The company bridges the gap between traditional hotels and long-term rentals, providing a flexible and premium accommodation experience for business travelers and digital nomads. Blueground's business model focuses on leveraging technology to streamline the booking, management, and living experience for its clientele, positioning itself as a leader 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 Endeavor Global and VentureFriends
Series B (2019): $50M featuring Prime Ventures and WestCap Investment Partners
Debt (2020): $2M backed by PPP
Series C (2021): $180M with participation from Prime Ventures, VentureFriends, WestCap Group, Geolo Capital, and Silicon Valley Bank
Series D (2024): $45M led by Private Equity Investments and Westcap
Key Investors in Blueground
Prime Ventures
Prime Ventures is an investment firm that supports Europe's future technology leaders by providing over EUR 875 million in capital to help founders scale their businesses. The company focuses on partnering with exceptional founders in various sectors, including marketplaces, SaaS, fintech, consumer, and deeptech.
WestCap Group
WestCap Group LLC is a company that operates in the Financial Services industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in New York City, New York.
VentureFriends
Venture Friends is an early-stage venture capital firm focused on supporting ambitious European founders in building category-defining companies. They provide initial investments ranging from €500k to €3m at the Pre-Seed and Seed stages across Europe and MENA.
What's next for Blueground?
The recent major strategic investment signals a new phase of expansion and development for Blueground. This capital infusion is likely to fuel further technological innovation, enhance operational capabilities, and broaden the company's geographic reach. As Blueground continues to scale its offerings, it is poised to capture a larger share of the evolving accommodation market, catering to the increasing demand for flexible, high-quality living solutions. The company's trajectory suggests a focus on solidifying its market leadership and exploring new service verticals within the extended-stay accommodation sector.
See full Blueground company page
