U.S.-based proptech service BlueGround, which offers furnished rentals for stays of 30 days and above, has raised $45 million in Series D funding to accelerate its tech development and new strategic initiatives, according to a company announcement.

BlueGround manages a portfolio of 15,000 units across 32 cities worldwide, available to both individuals and more than 4,000 businesses.

Strategic initiatives announced recently have included entering Japan with Mitsubishi Real Estate Company, and launching BlueGround Thailand with Chic Republic Public Company Limited.

The financing came from new investor Susquehanna Private Equity Investments, LLLP (Susquehanna), along with WestCap and others.

This was in addition to an undisclosed debt facility from Barclays with participation from Morgan Stanley, Deutsche Bank and HSBC, which replaced its prior facilities with Silicon Valley Bank.

BlueGround has raised more than $300 million since its founding in 2013.

“We’re thrilled to welcome new strategic investors who share BlueGround’s vision of enabling flexible living on a global scale,” said Alex Chatzieleftheriou, CEO and co-founder.

“The trust from leading investors like Susquehanna and reputable banking institutions like Barclays, and the syndicate banks, is a testament to Blueground’s financial performance and global leadership.”

Because of its global presence, BlueGround faces competition from proptech services operating in America, Asia and Europe, such as MintHouse, Cove and Habyt.

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