Ukio operates a premium short-term furnished apartment platform that targets the ‘flexible workforce,’ offering apartments with concierge/reception services, included utilities, and optional cleaning and linen replacement. Tenants pay a single monthly recurring payment to Ukio, which handles maintenance and management. Average stays are four to five months (supports stays of one to 11 months), and listed prices range roughly €1,750–€5,000 per month. The company reports seven-fold year‑over‑year revenue growth this year and a 96% occupancy rate across 400+ properties. Ukio sources supply via a multipronged strategy targeting individual owners, developers, and family offices, typically signing seven- to ten-year leases while retaining a one-year exit protection. Founded in Barcelona in 2020, Ukio is active in Barcelona and Madrid (210 and 125 rentals respectively), has expanded to Lisbon and Berlin, and plans launches in Paris, Milan, London and Dublin while developing a B2B offering. Ukio operates a vertically integrated proptech model that identifies, renovates (in under three weeks) and commercializes individually designed, fully furnished apartments for stays of one month or more. The product includes a fully digitized customer experience from search to check-out, 24/7 customer service, streamlined booking and keyless check-in. Ukio partners with real estate developers and landlords to handpick apartments and create an upscale flexible living solution. Since its launch in fall 2020 the company has built a portfolio of over 250 apartments across Barcelona, Madrid, Lisbon and Berlin. The business reported reaching €7 million ARR in Q1 2022 while maintaining near‑perfect occupancy of 96%. The company has appointed Federico Travella as an advisor and plans to use new funding to expand its apartment network into additional European markets. Ukio provides turnkey premium rentals for stays of one month or longer in prime city locations, managing furnishing and operations in partnership with local property owners. Founded early last year and based in Barcelona, the company has grown to more than 100 apartments across Barcelona and Madrid while maintaining a 95% occupancy rate. Ukio signs 7–10-year lease contracts with property owners and operates properties with an internal team, using a 200-point selection process and unique unit designs rather than templated layouts. It also uses dynamic pricing, an internal design system and a supply acquisition tool to reduce onboarding costs and keep occupancy high. The product targets two main user groups: new long-term residents who often stay six months or longer, and digital-nomad-style remote workers who typically stay two to three months. Risks include tightening local regulations and COVID-related restrictions, and the company faces competition from well-funded incumbents such as Blueground, Sonder, Sentinel and Zeus.

Total raised

$39M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Nov 2022