Blueground raised $45M in a Series D funding round led by Susquehanna Private Equity Investments to expand its global network of move-in ready homes and technology investments.

Mar 28, 2024•over 1 year ago

Amount Raised

$45 Million

Round Type

series d

New YorkReal Estate

Investors

HsbcDeutsche BankMorgan StanleyBarclaysWest CapSusquehanna Private Equity Investments

Description

Blueground, a furnished rental startup, raised $45 million in Series D funding from new investor Susquehanna Private Equity Investments and other backers. This funding will support market expansion, technology investments, and potential preparations for an IPO.

Company Information

Company

Blueground

Location

New York, United States

About

Blueground is a global PropTech company that is reinventing the way people live with its curated network of thousands of quality, turnkey homes in sought-after neighborhoods around the globe, accessible for stays of a month or longer. Blueground’s tech-enabled platform provides a fully digitized experience with customer support and access to daily necessities from apartment cleanings, grocery delivery, wellness offerings, and more, providing a seamless experience end to end. Blueground is headquartered in New York City, with a portfolio of thousands of apartments in 15 cities worldwide including in New York, Los Angeles, San Francisco, Boston, Chicago, Washington D.C., Denver, Seattle, Austin, Dubai, Istanbul, Paris, London, Vienna and Athens. Blueground plans to expand to 50 cities by 2025. Find us on Facebook, LinkedIn, Instagram, Twitter or at www.theblueground.com.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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