Ukio announced a large seed round of $9 Million from European investors community. The company plans to scale more than 700 apartments across six continental capitals in 2022.
The Barcelona, Spanish based startups offers rentals of one month or longer featuring premium experience in prime city locations in partnership with local property owners.
The company was established last year by its co-founder and CEO Stanley Fourteau, former director at Airbnb.
Ukio has grown to more than 100 apartments between Barcelona, Catalan and Madrid while maintaining a 95% occupancy rate.
Fourteau says that the mainstreaming of remote and distributed work has also brought in a growing group of digital nomad types who are looking for something more than a short-term rental. This half of the user base tends to stay around two or three months, to date.
“Ukio rents, furnishes and manages properties to oversee the entire guest experience,” Fourteau explains.
He adds, “our vertically integrated approach allows us to professionalize supply for platforms such as Airbnb (a peer-to-peer marketplace), similarly to how global hotel chains professionalize supply for Booking.com.”
The company is eyeing Lisbon as the next location later followed by Berlin, Germany and London, England.
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