Latest CoverWallet News
Sep 27, 2021
Share Ukio , a Barcelona-based startup that offers furnishedapartments for monthly stays, has raised $9 million in seed funding. The round is led by Breega with participation from Heartcoreand Partech and support from angel investors including Travelperk co-founderand CEO Avi Meir and Coverwallet founder Iñaki Berenguer. Founded in 2020, Ukio has 100 apartments in Barcelona andMadrid with plans to grow to 700 across six European capitals by the end of2022. The company is also continuing to develop its full stack technology andinternal operating system The company provides furnished apartments for monthly stays and offers adigital customer experience from search to check-out. Get a dose of digital travel in your inbox each day Subscribe to our newsletter below Submit “Ukio enables a new way of living, making the process assimple as possible while maintaining the convenience and comfort of a placethat feels like home,” says Stanley Fourteau, CEO and co-founder. Isabelle Gallo, a partner at Breega, says her company is excitedabout the potential for Ukio to serve the need that has developed during thepandemic, as the way people travel and stay has shifted. “The trend in mid-term lets that began with GenZs lookingfor flexible ‘NOwnership’ is evolving further with many companies extendingtheir ‘work from home’ policies, traveling professionals opting for alternativeaccommodations and families relocating,” she says. “Properties that work for mid-term stays need to meet certainrequirements in terms of quality, location and amenities, hence the need for asolution like Ukio that is specifically focused on this market segment.” Ukio selects each apartment and furnishes it with piecescreated by local artisans and power supplied by renewable energy.