Short-term apartment startup Blueground breaks new ground with $20m new round

Short-term apartment startup Blueground raised $20m to expand its program to cater to business travelers and remote workers.

March 6, 2019

Blueground, a startup that offers flexible in-and-out apartments to business travelers and remote workers across the country, raised $20m.

As the number of remote workers steadily increases, employees and employers are looking for more flexible options when they’re on the dusty trail with the corporate card. 

Flex to the max

Blueground offers rentals from just 1 month to 5 years, giving travelers a flexible middle ground option: Housing that’s not quite as sterile and pricey as crashing in a hotel for weeks on end, but also not quite as tedious as renting an actual piece of property for a limited term.

To deliver on its promise to help renters #ShowUpStartLiving, Blueground even offers full furnishing (to avoid table-transportation tantrums) and blistering Wi-Fi (to avoid email meltdowns).

For landlords, the platform is also a pretty sweet deal: By partnering with Blueground, landlords have a more reliable stream of renters, and they don’t have to deal with a constant shuffle of brokers and never-ending marketing.

Nothing to be Blue about here

Founded in 2013, Blueground currently has 1.7k properties in 10 cities across 3 continents. But the startup, which has now raised a total of $28m, has grown sales 3x in the past 3 years and plans to continue growing.

The company plans to expand its portfolio of temporary work dojos to more than 50k units over the course of the next 5 years.

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