Barcelona-based proptech that offers flexible living solutions, announced raising $2.7 million (€2.5M) in debt funding from Extension Fund. The company says the funding will be used, in addition to its previous $9 million fundraise last year, to expand its network of apartments to new markets across Europe. Founded in 2020 by Stanley and Jeremy Fourteau, Ukio provides a short-term rental (STR) solution that offers fully furnished, designed apartments for stays lasting a month or longer. The company says the offering is based in a fully digitized customer experience, including search, check-out, 24/7 customer service, booking and keyless check-in.
The proptech also says it uses a fully vertically integrated digital model to identify prime real estate in traditionally supply constrained markets to renovating and commercializing the properties in under three weeks. Ukio’s team is highly ambitious, combines a long-term vision with a practical mindset, and is obsessed with the customer experience. By partnering with real estate developers and landlords, to personally select apartment designs and furnishings and create an upscale, flexible living solution for guests.