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Blueground Nabs $750 Million Valuation as WestCap, Geolo Invest

Sept. 20, 2021, 4:01 AM

Blueground, a startup focused on short-term furnished apartment rentals, raised $140 million in equity funding from investors led by Laurence Tosi’s WestCap Group, an existing backer.

Geolo Capital, an investment arm of billionaire John Pritzker’s family office, also participated, as did VentureFriends and Prime Ventures, Blueground Chief Executive Officer Alex Chatzieleftheriou said in an interview. Blueground is now valued at $750 million, according to people with knowledge of the matter. The New York-based company separately obtained a $40 million debt facility from Silicon Valley Bank.

Funding will be used to fuel Blueground’s expansion from an existing ...