Blueground, a New York-based operator of furnished rentals for 30+ day stays, acquired Nestpick, a Berlin, Germany and New York City-based provider of a platform for those seeking monthly furnished housing.
The amount of the deal was not disclosed.
Founded in 2016 under the leadership of Aycan Özcan, and led by current CEO Omer Kucukdere, who will join Blueground as VP of the Partner Network, Nestpick is a global platform for those seeking furnished rentals for 30+ days. The platform caters to expats, business travelers and international students. Its marketplace consists of over 120 of the best operators offering monthly stays with 40,000 listings in 3,000 cities globally. Nestpick works with partners such as Airbnb, Spotahome, Blueground, Bungalow, Kasa, Homelike, June Homes, Habyt, HousingAnywhere, Wunderflats, Pepe Housing and more.
Led by CEO Alex Chatzieleftheriou, Blueground is a tech-enabled platform that provides a digitized experience from viewing and booking available apartments within minutes to managing the entire stay through a guest app. Renters can book where they want, when they want, and on the terms they want. The company has portfolio of over 15,000 move-in ready apartments in 30 cities worldwide. They had over 15 million users and generated $80 million in gross booking value in 2022.
With the acquisition, Blueground will use Nestpick’s tech, integration infrastructure, and expertise as a global platform to establish its Partner Network and grow its business beyond the core network of managed properties. The company will launch an invite-only Partner Network that will consist of a curated set of pre-vetted, third-party furnished apartment providers and their portfolio of units. The Network is launching with 18,000 units with the goal of adding 50,000 units within 2024. The apartments will be located both in already existing markets as well as markets the company is not yet in- continuing its strategic growth plan.
Providers joining the network will also benefit with increased visibility and access to Blueground’s global audience, including both individual travelers and corporate clients. Partners will also benefit from attractive commissions as well as access to Blueground’s core operations expertise including in-house marketing and photography, cleaning services, on the ground operations teams, 24/7 customer service, background checks, and insurance.
FinSMEs
30/05/2023