Blueground

Mature Greek startups have taken on the role of buyer or investor in order to either enter new markets, strengthen their team (acqui-hiring) or add new technologies - a trend that has only recently expanded.

Blueground - a firm that arranges long-term leases for furnished apartments in Europe, the United States and Asia - started in 2020 with the assurance of tens of millions of dollars in funding and was poised to expand to even more markets, aiming to manage 50,000 properties in 50 cities worldwide in the next few years.

Startups in Greece are faced with a harsh reality as the coronavirus contraction will not only bring their turnover down to zero for some time but also threaten their very sustainability.

Property rentals startup Blueground aims to more than double the apartments it leases out in Greece and abroad by the end of the year.

Property startup Blueground is entering a new phase after completing another round of funding amounting to $20 million on Wednesday.

Innovative property startup Blueground aims to lease out some 50,000 furnished apartments in 50 cities around the world by 2023.

This is a particularly ambitious target given that the Greek company currently manages some 1,500 properties totaling 1.3 million square meters in nine cities: Athens, Dubai, Istanbul, New York, San Francisco, Boston, Los Angeles, Chicago and Washington.