Ukio Raises $28 Million for Short-Term Rentals for Remote Workers

25.08.2023 - 14:42 / skift.com / Justin Dawes / Nathan Blecharczyk

>>Ukio, a Barcelona-based short-term rental platform focused on remote workers, has raised $28 million (€27 million) in a Series A round of funding.

It includes $17.6 million (€17 million) in equity and $10.4 million (€10 million) in debt, led by Felix Capital with support from Kreos Capital, Heartcore, and Breega. Ukio raised $9 million in 2021. 

The Ukio platform allows users to book one of the startup’s more than 500 furnished apartments in European cities including Barcelona, Madrid, Lisbon, and Berlin. The company said its properties have 96 percent occupancy. Tenants usually book stays for between one and six months.

The startup said it has grown its revenue seven times in 2022 from the previous year and now has 120 employees. 

The funding will allow Ukio to expand into more European cities in the coming months, including Paris, Dublin, Milan, and London. The startup will continue hiring and further build out its proprietary software with features including an automated monthly rental subscription. 

The startup also plans to develop a business-to-business service for international businesses.

Each Ukio apartment is furnished by local designers with items from eco-friendly suppliers, the company said. Additional services for guests include cleaning, gym memberships, and local events. 

Ukio was founded by brothers Jeremy Fourteau — a former product director at Headspace, Knotel, and EA — and Stanley Fourteau, former head of global growth for Airbnb.

“We founded Ukio to be the go-to solution for a new generation of flexible workers,” Stanley Fourteau said in a statement. “The rise in remote work is unshackling people from their desks, enabling them to experience more of the world, and they are using this opportunity to live and work wherever they want. Yet, the residential real estate market has stayed stuck in the past and is in no way conducive to the needs of tomorrow’s generation.”

Stanley Fourteau shared some of his vision with Skift last year. 

>>Raus, a platform that offers short-term stays in modern cabins, has raised $3.1 million (€3 million).

The funding was led by 10X Founders with participation from Shio Capital, Bellevue Holding GmbH, Boscor group, Ennea VC, Speedinvest, NFQ Capital, Airbnb co-founder Nathan Blecharczyk, and other angel investors. 

The Germany-based startup has raised more than €6 million. 

With properties located in remote areas, the platform focuses on nature immersion for guests. The modern cabins are complete with a full kitchen and wi-fi. 

More than 2,000 guests have stayed with Raus since it was founded in Oct. 2021. 

The company has roughly two dozen properties near five German cities right now, with plans to expand. The company recently opened the Raus Lodge, a