Greek startup Blueground raises 5,5 million Euros

Greek startup Blueground raises 5,5 million Euros, local media reported. The investment was led by VentureFriends, Endeavor Catalyst and few other private investors in an A funding round.

Reportedly, in just four years, this startup has managed to raises almost 7 million Euros. With this investment, the company will strengthen its presence in the markets that already operates, but as announced will continue its expansion conquering new markets as well.

To date, the company is present in Greece, Turkey and United Arab Emirates. Their next plan is further expansion in other destination in Europe, Middle East and America.

Founded in 2013, greek startup Blueground is a VC-backed hospitality technology company, aspiring to become a global leader in the corporate rental market. The company offers stylish, fully-furnished apartments to business executives and travelers.

Alexandros Chatzieleftheriou, Founder at Blueground / Photo credit: Alexandros’ LinkedIn Profile

“Our vision is to offer high quality and no hassle accommodation to our guests surpassing their expectations but at the same time ensuring our offering is of great value” the Blueground’s team noted on their website.

Owned by Alexandros Chatzieleftheriou, Alexis Marangos, Andreas Nezeriti and Penny Papaconstantinou, this startup employs 60 employees and manages more than 400 properties for rent.

According to the company’s LinkedIn profile among their prominent clients are many of the worldwide known companies such as Coca-Cola, H&M, Panasonic, Novo Nordisk, LG, IKEA and many others.

VentureFriends are entrepreneurial investors who support startups and help them to become disruptive and eventually grow to become sustainable businesses. They have a strong financial, marketing & business background coming from extensive startup experience. To date, reportedly this venture capital have invested 20 million Euros in 20 startups, creating 154 jobs in Greece and abroad.

Endeavor is an American non-profit organization that supports high-impact entrepreneurs around the world.  Launched in 2012, Endeavor Catalyst, part of Endeavor, has raised 35 million dollars to date, investing them in over 40 companies in 15 countries worldwide, reported.