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Furnished rental startup Blueground defies proptech woes with $560M in revenue, a new $45M raise
Blueground, which operates a global network of furnished apartment rentals for stays of a month or more, has raised $45 million, on sales of $560 million.
Some years later, at the height of the pandemic, business was booming for his startup’s category – short-term, furnished apartment rental companies – as people roamed the world while working from home. Blueground now operates a global network of move-in ready homes for stays of a month or more, and has raised $45 million in Series D funding from new investor Susquehanna Private Equity Investments along with other backers, including WestCap, Chatzieleftheriou told TechCrunch. It’s no secret that the fundraising environment has been extremely challenging for late-stage companies, especially those in the proptech sector, which has been battered by rising interest rates.
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