Spanish startup Ukio to invest €1.7 million in Portugal
The Spanish startup has secured a funding round of €7.6 million and will use this amount to "boost expansion plans" across Europe, "with Portugal being the first market outside Spain."
Spanish real estate startup Ukio plans to invest €1.7 million ($2 million) in Portugal and to train a team of 15 people in the national market by the end of 2021, according to a statement.
The company has secured a funding round of €7.6 million and will use this amount to “boost expansion plans” across Europe, “with Portugal being the first market outside Spain.”
According to the same statement, “Ukio will invest $2 million in the country, launching first in Lisbon”, where “it plans to train a local team of 15 people by the end of the year in different departments – operations, design, distribution and financing.”
“We have seen an increase in demand in Portugal for this type of solution – accommodation capable of supporting a medium to long-term stay,” explained Stanley Fourteau, CEO and co-founder of the company.
By the end of next year, the company expects to “manage 700 flats in six European capitals and develop further its end-to-end technology as well as its unique internal operating system to support its European expansion.”
