Real Estate Startup Blueground Tops $28 Million in Funding

Blueground closed a funding round of $20 million that includes the participation of New York City-based entrepreneur Kevin Ryan, who also joined the company’s board of directors. The real estate company has raised a total of $28 million to date and counts venture capital funds VentureFriends, Endeavor Catalyst, and Jabbar Internet Group as investors.

The company—which leases carefully selected, ideally located properties and upgrades them to fully furnished apartments—says it has tripled its annual revenue on a yearly basis over the last three years while compiling a portfolio of 1,800 apartments across New York, San Francisco, Los Angeles, Boston, Washington, DC, Chicago, Dubai, Istanbul, and Athens.