# Blueground

> Blueground is a global proptech operator of furnished, move-in-ready apartments rented on flexible terms for stays of 30 days or more. Founded in 2013 by Alex Chatzieleftheriou after years of consultant hotel-living, the company leases, designs and manages thousands of apartments across dozens of cities, pairs them with proprietary technology and a guest app, and serves both relocating individuals and thousands of corporate clients. Through acquisitions, franchising and a partner network, Blueground has expanded from an Athens startup into one of the largest curated networks of flexible furnished homes worldwide.

- **Founded:** 2013
- **Headquarters:** New York, United States
- **Founders:** Alex Chatzieleftheriou (Co-Founder & CEO), Penny Papakonstantinou (Co-Founder), Alexandre Devoucoux Du Buysson (Co-Founder), Kurtulus Cumhur Korkmaz (Co-Founder)
- **Team size:** ~810-1,000 employees
- **Products:** Blueground furnished apartments, Blueground guest app, Blueground for Business, Franchising, Partner Network
- **Notable:** Grew from an Athens startup to a New York-headquartered global proptech operating in 30+ cities., Reported ~$560M gross revenue in 2023, up roughly 70% year over year., Reached unicorn-scale valuation of about $750M.

## Products & services

- **Blueground furnished apartments** — Fully furnished, move-in-ready apartments rented on flexible terms for stays of one month up to a year or more, designed and managed by Blueground.
- **Blueground guest app** — A mobile app that lets guests book, manage their stay, request services and handle maintenance for their apartment.
- **Blueground for Business** — Corporate housing and relocation solutions for companies moving or hosting employees, used by 4,000+ organizations including Fortune 500 firms.
- **Franchising** — A capital-light model letting operators run Blueground-branded apartments in new markets, with 2025 launches signed in Bangkok, Hong Kong, Kuala Lumpur, Munich and Seoul.
- **Partner Network** — A network built partly on the Nestpick acquisition that gives customers access to thousands of additional furnished apartments from third-party operators.
- **Nomads** — A flexible working and living program aimed at remote workers who want to move between Blueground cities.

## Achievements

- Grew from an Athens startup to a New York-headquartered global proptech operating in 30+ cities.
- Reported ~$560M gross revenue in 2023, up roughly 70% year over year.
- Reached unicorn-scale valuation of about $750M.
- Completed three acquisitions (Tabas, Travelers Haven, Nestpick) in under two years.
- Raised roughly $295M in total funding from investors including WestCap and Susquehanna.
- Serves 4,000+ corporate clients including Fortune 500 companies.

## Latest updates

- **2024-03** — Raised a $45M Series D led by new investor Susquehanna Private Equity Investments with WestCap, to expand its flexible furnished rental network.
- **2024-01** — Reported $560M in 2023 gross revenue, about 70% higher than the prior year, defying broader proptech headwinds.
- **2025-01** — Signed franchise agreements to open new markets including Bangkok, Hong Kong, Kuala Lumpur, Munich and Seoul.
- **2023-05** — Acquired Berlin-based furnished-apartment marketplace Nestpick to build its partner network.

## Links

- Website: https://www.theblueground.com
- LinkedIn: http://www.linkedin.com/company/blueground-co
- Twitter/X: https://twitter.com/theblueground
- YouTube: https://www.youtube.com/c/Blueground
- Instagram: https://www.instagram.com/theblueground/
- Facebook: https://facebook.com/theblueground/

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Profile page: https://yespress.io/blueground
Published by YesPress — https://yespress.io
Last updated: 2026-07-22