Olá, Brasil: Blueground Is Set to Acquire Tabas

Just in time for our tenth anniversary, Blueground is making its first-ever acquisition!

Early next year we will acquire the Brazilian proptech startup Tabas after leading the company’s Series A funding round earlier this year. Like Blueground, Tabas offers furnished apartments for stays of 30 days or longer. The company’s more than 1,000 stylish turnkey homes in Brasilia, São Paulo, and Rio de Janeiro are an ideal fit for the current Blueground guest.

“Tabas and Blueground’s visions are fully aligned and together we can create even more value for our guests, our landlords and the Tabas team,” said Leonardo Morgatto, co-founder and CEO of Tabas. “This acquisition is yet another success story for Brazilian proptech companies. We’re proud of the work we’ve done to get us this far; now it’s time to take it to the next level and continue bringing the turnkey, flexible rental living concept across Latin America.”

After the acquisition, Blueground will have more than 10,000 apartments worldwide! We will also have a presence in 30 cities across 16 countries and employ more than 1,000 people.

While the deal is finalized the two companies will continue to operate independently. However, we’re already working with Tabas to jointly launch our flexible living concept in Mexico City in early 2023.

“We’ve had our sights set on Latin America for quite some time,” said Blueground CEO Alex Chatzieleftheriou. “Since our first investment in Tabas last year, we’ve developed immense respect for the Tabas team and what they’ve built in Brazil. With our best-in-class technology and our expertise in scaling the business globally, we’ll continue to bring the flexible lifestyle to global markets.”

The acquisition of Tabas will allow Blueground to enter the Latin American market and help grow our network of turnkey homes to 40,000 apartments across 50 cities by 2025. The deal is expected to close on January 1, 2023 and will be subject to typical closing conditions.

This new partnership with Tabas is part of Blueground’s overall growth strategy for the next few years.

Stay tuned as we continue to grow our footprint while enabling more people than ever before to live comfortably all over the world.