Blueground Secures $45 Million in Series D Funding to Enhance Flexible Rental Offerings

Blueground has recently announced the close of a $45 million Series D funding round, bolstered by significant investments from Susquehanna Private Equity Investments (Susquehanna) and WestCap. The company, founded in 2013, has carved a niche as the largest global operator of furnished rentals for stays of 30 days or longer. In parallel with the equity raise, Blueground secured a substantial debt facility led by Barclays, with contributions from Morgan Stanley, Deutsche Bank, and HSBC.

This influx of capital is set to fuel Blueground’s ongoing technological advancements and strategic growth initiatives, propelling the company’s expansion in the global rental market. The firm specializes in offering a curated network of premium furnished rentals, catering to the evolving demand for flexible and longer-term accommodations. Blueground’s model provides a seamless solution for both individuals and corporate clients seeking comfortable and convenient housing options across the globe.

Founded by CEO Alex Chatzieleftheriou, Blueground was born out of a desire to provide a more home-like experience for extended-stay travelers, inspired by Chatzieleftheriou's own challenges with prolonged hotel stays during business trips. The company’s mission is to facilitate a flexible lifestyle, allowing clients to feel at home anywhere in the world. With this latest round of funding, Blueground is poised to further enhance its platform, expanding its reach and continuing to innovate in the flexible rental space.