Blueground Raises $45 Million Series D to Lead the Market for Furnished, Flexible Rentals for 30+ Day Stays [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
NEW YORK, March 28, 2024 BUSINESS WIRE Blueground , the largest global operator of furnished, flexible rentals for 30+ day stays, today announced that it has secured $45 million in Series D funding. The raise includes investments from new investor Susquehanna Private Equity Investments, LLLP (Susquehanna), along with other notable investors including WestCap. In addition, Blueground raised a debt facility from Barclays with participation from Morgan Stanley, Deutsche Bank and HSBC, which replaced its prior facilities with Silicon Valley Bank (SVB). The capital will be used to accelerate the development of Blueground's technology and new strategic initiatives, fueling the company's continued growth. Flexible lifestyles remain highly sought-after worldwide, catering to the needs of both individuals and corporate travelers in their professional and personal endeavors. As global citizens seek greater control over their living arrangements, the demand for consistent and convenient housi
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- MS's page on the SEC website