Expanding the flexible living solution across Europe, Ukio is home to 2.5 million

Barcelona-based proptech startup offering flexible living solutions, Ukio raised €2.5 million in debt financing. The investment made by Extension fund, will be used to expand its network of apartments to new markets across Europe. The Spanish company earlier last year raised $9 million in funding.

Founded in 2020 by Franco-American brothers Stanley Fourteauand Jeremy Fourteau, the short-term rental solution offers designer and fully furnished apartments for stays of one month or more. Backed by a fully digitized customer experience, from search to payment, with 24/7 customer service, the platform streamlines booking and keyless check-in.

The company claims to use a fully vertically integrated digital model, from identifying prime real estate in traditionally supply-constrained markets to renovating and marketing properties in less than three weeks. They partner with property developers and landlords and select apartments, each individually designed and furnished, to create a high-end flexible living solution.

At a time when people can literally work from anywhere, it looks like this model is going to stay popular and make some money. And the business growth observed by the company reiterates this. The Spanish startup currently has a portfolio of over 250 apartments in prime locations in Barcelona, ​​Madrid, Lisbon and, most recently, Berlin. According to the company, it reached the ARR 7 million mark in the first quarter of 2022 while maintaining an occupancy rate of 96%.

Federico Travella, founder of Novicap, who joins the company as an advisor, said: “I look forward to supporting the company in becoming the leader in its category in flexible housing. The Ukio team is very ambitious, combines a long-term vision with a practical spirit, and is obsessed with customer experience.

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