About Blueground
Blueground is a company based in New York (United States) founded in 2013 by Penny Papakonstantinou, Andreas Nezeritis, Alex Chatzieleftheriou, and Alexis Maragkos.. Blueground has raised $274.24 million across 13 funding rounds from investors including Barclays, HSBC and SVB. The company has 258 employees as of December 31, 2023. Blueground has completed 3 acquisitions, including Nestpick, Tabas and Travelers Haven. Blueground offers products and services including Furnished Apartments, Blueground for Business, and Studentground. Blueground operates in a competitive market with competitors including Vacasa, Sonder, Ziroom, Travel Chapter and TurnKeyVR, among others.
- Headquarter New York, United States
- Employees 258 as on 31 Dec, 2023
- Founders Penny Papakonstantinou, Andreas Nezeritis, Alex Chatzieleftheriou, Alexis Maragkos
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$24.82 M (USD)25as on Dec 31, 2023
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Net Profit
$-1.55 M (USD)-750as on Dec 31, 2023
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EBITDA
$-1.55 M (USD)-750as on Dec 31, 2023
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Total Equity Funding
$274.24 M (USD)
in 13 rounds
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Latest Funding Round
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Investors
Barclays
& 16 more
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Employee Count
258
as on Dec 31, 2023
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Investments & Acquisitions
Nestpick
& 2 more
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Products & Services of Blueground
Blueground offers a comprehensive portfolio of products and services, including Furnished Apartments, Blueground for Business, and Studentground. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides equipped apartments for short and long-term stays globally.
Offers housing for corporate travelers with flexible terms.
Delivers discounted apartments near campuses for students.
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Funding Insights of Blueground
Blueground has successfully raised a total of $274.24M across 13 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Last Round
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series D - Blueground | Valuation |
investors |
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| Mar, 2024 | Amount | Debt – Conventional - Blueground | Valuation |
investors |
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| Nov, 2022 | Amount | Series C - Blueground | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blueground
Blueground has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Barclays, HSBC and SVB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward multiple sectors by WestCap.
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Founded Year | Domain | Location | |
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Growth equity investments are provided for software and information services companies.
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Founded Year | Domain | Location | |
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Early and late-stage startups are supported by venture capital-backed studio.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blueground
Blueground has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Nestpick, Tabas and Travelers Haven. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Furnished apartments are rented online in Brazilian cities.
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2020 | ||||
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An online platform is used for searching furnished apartments.
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2014 | ||||
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Short-term housing rentals are facilitated via an online US platform.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Blueground
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blueground Comparisons
Competitors of Blueground
Blueground operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vacasa, Sonder, Ziroom, Travel Chapter and TurnKeyVR, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vacation rentals are booked via an app-based platform by travelers.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked through an app-based platform.
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| domain | founded_year | HQ Location |
Branded accommodations are offered via long-term residential rentals.
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| domain | founded_year | HQ Location |
UK holiday rentals are managed via owned booking platforms.
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| domain | founded_year | HQ Location |
Vacation rental management and booking services are provided to homeowners.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blueground
Frequently Asked Questions about Blueground
When was Blueground founded?
Blueground was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Blueground located?
Blueground is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Blueground?
Alex Chatzieleftheriou is the current CEO of Blueground. They have also founded this company.
Is Blueground a funded company?
Blueground is a funded company, having raised a total of $274.24M across 13 funding rounds to date.
How many employees does Blueground have?
As of Dec 31, 2023, the latest employee count at Blueground is 258.
What is the annual revenue of Blueground?
Annual revenue of Blueground is $24.82M as on Dec 31, 2023.
What does Blueground do?
Provider of furnished apartment rental platform for flexible mid to longterm stays. The company offers professionally managed, fully furnished apartments available for stays starting at approximately one month. It enables users to search listings, book digitally, and manage check-in through an integrated guest app. Apartments are equipped with high-speed WiFi, kitchenware, linens, and smart entertainment setups, and support flexible leases and extensions. The platform includes responsive customer support via app messaging and in-person services.
Who are the top competitors of Blueground?
Blueground's top competitors include Vacasa, Sonder and Travel Chapter.
What products or services does Blueground offer?
Blueground offers Furnished Apartments, Blueground for Business, and Studentground.
How many acquisitions has Blueground made?
Blueground has made 3 acquisitions, including Nestpick, Tabas, and Travelers Haven.
Who are Blueground's investors?
Blueground has 17 investors. Key investors include Barclays, HSBC, SVB, Deutsche Bank, and Morgan Stanley.
What is Blueground's valuation?
The valuation of Blueground is $750M as of Sep 2021.
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