Blueground

Overview
Activities
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Alternative Living?
Travel Tech?
Product stageSegments
Expansion
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Flexible-stay spaces
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Blueground is a leading property technology company that offers a curated network of fully furnished, move-in ready apartments across major cities worldwide for mid to long-term stays of a month or longer. Founded in 2013 in Athens, Greece by Alex Chatzieleftheriou, the company leases high-quality properties, transforms them into stylish, premium apartments, and rents them out with flexible terms to individuals and corporate clients.

The apartments are designed to provide a home-like experience, equipped with amenities like smart TVs, stocked kitchens, bedding, and high-speed Wi-Fi. Blueground's apartments cater to various clientele, including remote workers, travel nurses, students, and individuals between leases or renovations.

As of March 2024, Blueground manages over 15,000 apartments across 32 markets in 17 countries, including major cities like New York, London, Paris, and Dubai. The company reported impressive growth, with revenue increasing by 70% to USD 560 million in 2023 compared to USD 300 million in 2022. In December 2022, Blueground expanded into Latin America by acquiring Brazilian proptech startup Tabas. In February 2023, it acquired Travelers Haven, a leading provider of on-demand housing in the US, enabling Blueground to offer accommodations across approximately 20,000 US cities and towns.

In May 2023, Blueground further expanded its global reach by acquiring Nestpick, a platform connecting renters with furnished apartments, adding 18,000 units to its network.

Key customers and partnerships

Blueground has hosted over 32,000 guests and serves more than 4,000 trusted companies, including prominent names like Google, Uber, Tesla, BCG, and Netflix, as of 2023. The company's corporate offering, Blueground for Business, accounts for 50% of its revenue after the Travelers Haven acquisition, with plans to double in 2023.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
106 W 32nd St New York NY USA
Founded year:
2013
Employees:
1,001-5,000
IPO status:
Private
Total funding:
USD 301.5 mn
Last Funding:
USD 45.0 mn (Series D; Mar 2024)
Last valuation:
USD 1.0 bn (Mar 2024)
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