A start-up first conceived in Greece, Blueground, aimed to offer short-term furnished apartment rentals in major cities and holiday destinations around the world, has raised $140 million in equity funding from investors led by Laurence Tosi’s WestCap Group, according to a Bloomberg dispatch on Monday.
According to Blueground CEO Alex Chatzieleftheriou, other major investors included Geolo Capital, VentureFriends and Prime Ventures.
Bloomberg put Blueground’s value at roughly $750 million, citing unnamed sources, while adding that the now NYC-based company separately obtained a $40 million debt facility from Silicon Valley Bank.
Chatzieleftheriou co-founded Blueground in 2013 in Athens, after saying he endured months-long hotel stays for various employment stints while working as a McKinsey & Co. consultant. He said he realized the need for furnished apartments for short durations.
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