Ukio, a Barcelona-based startup that offers furnished
apartments for monthly stays, has raised $9 million in seed funding.
The round is led by Breega with participation from Heartcore
and Partech and support from angel investors including Travelperk co-founder
and CEO Avi Meir and Coverwallet founder Iñaki Berenguer.
Founded in 2020, Ukio has 100 apartments in Barcelona and
Madrid with plans to grow to 700 across six European capitals by the end of
2022. The company is also continuing to develop its full stack technology and
internal operating system
The company provides furnished apartments for monthly stays and offers a
digital customer experience from search to check-out.
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“Ukio enables a new way of living, making the process as
simple as possible while maintaining the convenience and comfort of a place
that feels like home,” says Stanley Fourteau, CEO and co-founder.
Isabelle Gallo, a partner at Breega, says her company is excited
about the potential for Ukio to serve the need that has developed during the
pandemic, as the way people travel and stay has shifted.
“The trend in mid-term lets that began with GenZs looking
for flexible ‘NOwnership’ is evolving further with many companies extending
their ‘work from home’ policies, traveling professionals opting for alternative
accommodations and families relocating,” she says.
“Properties that work for mid-term stays need to meet certain
requirements in terms of quality, location and amenities, hence the need for a
solution like Ukio that is specifically focused on this market segment.”
Ukio selects each apartment and furnishes it with pieces
created by local artisans and power supplied by renewable energy.