Waterfront has advised Blueground in relation to a series A-1 investment of $20 million led by Venture Friends and including Jabbar Internet and serial entrepreneur Kevin Ryan.
Blueground, a technologically-enabled property management company, leases and manages residential properties – after transforming them into fully furnished and serviced residences – to corporate travellers, expats and leisure travellers for short- or long-term stay. Launched initially in Athens in 2013, Blueground is one of the fastest growing hospitality start-ups worldwide. It is currently active in nine markets across the globe and seeks to solve a lot of the hassles frequent business travellers and expats face.
To date, Blueground has raised a total of $28 million and plans to use funds from the latest round for additional hiring and to help the company reach its goal of growing its portfolio to 50,000 units over the next five years. Waterfront previously advised Blueground in relation to its series A investment in March 2017 and looks forward to continuing to work closely with Blueground.
Blueground’s CFO, Apostolos Foteinakis, said:
“Their quality advice was delivered swiftly when required – a very responsive and approachable team to work with.”