Jabbar Internet Group invests in US-based Blueground

Image courtesy of Blueground

Dubai-based Jabbar Internet Group participated in a $20 million investment round for Blueground, a New York-based online apartment rental company.

Other investors in the round include VentureFriends and Endeavor Catalyst. 

Blueground leases fully furnished apartments across New York, San Francisco, Dubai, Istanbul and Athens. 

"Renting an apartment can be a tedious and time-consuming process. You need to deal with a number of frustrating activities, from filling out paperwork to furnishing the apartment," said Alex Chatzieleftheriou, chief executive officer and co-founder at Blueground. "With Blueground, the renting experience becomes efficient, streamlined and seamless."

The investment will be used to grow its portfolio of apartments from the current 1,800 to 50,000 within the next five years. 

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