What is Blueground?
Founded in 2013 and headquartered in New York City, Blueground operates at the intersection of real estate and hospitality. The company provides a curated network of furnished apartments designed for medium-to-long-term stays, catering specifically to professionals and digital nomads who require flexibility without sacrificing the comforts of home. By leveraging a proprietary technology platform, Blueground manages the entire guest experience, from apartment selection and interior design to maintenance and support. This vertically integrated model allows the company to maintain high standards of quality while optimizing occupancy rates across its diverse portfolio of urban properties, effectively disrupting the traditional rental market.
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 VentureFriends, Silicon Valley Bank, Prime Ventures, WestCap Group, and Geolo Capital
Series D (2024): $45M led by Westcap and Private Equity Investments
Key Investors in Blueground
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.
Westcap
Westcap Mgt. Ltd. is a prominent private equity and venture capital fund manager with over 25 years of experience and more than 1 billion in assets under management. The company specializes in investing and partnering with founders and management teams of high-growth companies.
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.
What's next for Blueground?
With the infusion of this latest capital, Blueground is well-positioned to accelerate its expansion into new geographic markets and further enhance its technological infrastructure. The company's strategic focus remains on deepening its footprint in key global cities while refining its guest-facing digital tools to improve retention and operational efficiency. As the demand for flexible living arrangements continues to rise, Blueground is expected to leverage its recent financing to solidify its market leadership, potentially exploring new service verticals or enhancing its existing property management capabilities to meet the evolving needs of the modern, mobile workforce.
See full Blueground company page
