Waterfront advises Blueground Holdings Limited on €5.5m investment in the company.
Waterfront has advised Blueground Holdings Limited on the €5.5m Series A investment in the company by investors led by Venture Friends, a start-up focused VF firm. 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, Blueground is one of the fastest growing hospitality start-ups worldwide having tripled its turnover in the last year, and expanded successfully to Istanbul and Dubai. The company plans to use the funding to boost its plans to strengthen its presence in the countries it already operates, to expand into new markets — further in Europe, the Middle East and Asia — and invest in further technological development.
The Waterfront team advising on this transaction was led by Matt Cunningham with support from Graham Halliday.
Blueground’s Co-founder, Alex Chatzieleftheriou, said:
“The advice we required from Waterfront was always delivered swiftly – a very responsive and approachable team to work with.”
For more information about Blueground click here: https://www.theblueground.com