Blueground raises $140 million to a total valuation of $750 million
Blueground, member of the SEC Scaleup community, raised $140 million in equity funding led by WestCap Group, an existing investor in the company, Bloomberg reports. Investors that also participated in the funding round include Geolo Capital, John Pritzker’s family office and VentureFriends.
The funding will be used to fuel Blueground’s market expansion to 50 cities (from 15 cities today) by 2025. In the immediate plans of the company is the expansion to Miami, Madrid, Zurich, and Berlin.
Read more at Bloomberg news.