Apartool raises EUR 5.5 million in funding to fuel international expansion

Apartool, a B2B long-stay corporate housing provider, has recently announced the successful closure of a 5.5 million EUR funding round. The investment, led by ROCH Ventures and Barlon Capital, with the participation of Finaves, Telegraph Hill Capital, and Iberis Capital, will empower Apartool to accelerate its international expansion and reinforce its position in the market.

Founded in 2015 in Barcelona by four partners – Marc Vilar, Aleix de Castellar, Oscar Vayreda, and Albert Cerezo – Apartool has established itself as a trusted provider of temporary accommodation solutions for businesses and corporate organizations seeking to relocate work teams for extended periods. With a portfolio of over 120,000 apartments spanning more than 65 countries, Apartool caters to the diverse needs of its clients, offering a range of services that extend beyond simply providing accommodation.

The company's comprehensive service offerings encompass the search and booking of temporary accommodations, lease contract management, and the provision of hospitality and concierge services. Apartool's commitment to delivering a seamless and hassle-free experience has garnered the trust of numerous businesses, positioning it as a preferred partner for corporate housing needs.

The corporate temporary accommodation market is experiencing rapid growth, fueled by factors such as business globalization, an increase in business travel, and a growing demand for more flexible and cost-effective accommodation solutions. Apartool is well-positioned to capitalize on this expanding market, boasting a robust technological platform, an experienced team, and a strong client portfolio. The recent 5.5 million EUR funding round will further strengthen the company's capabilities, enabling it to accelerate its international expansion and reinforce its position in the corporate housing sector.

The company's expansion plans include entering new markets such as Italy, Germany, and the United Kingdom, while simultaneously bolstering its presence in existing markets such as Spain, Portugal, France, and Dubai.

In addition to its international expansion plans, Apartool aims to achieve a revenue of EUR 15 million in 2023, representing a 50% growth compared to 2022. This projected growth is attributed to the company's continuous efforts to enhance its service offerings, its expansion into new markets, and the increasing demand for its services.

Apartool's funding round received the backing of two of the world's most renowned footballers – Lionel Messi and Antoine Griezmann. Both players are investors in Barlon Capital, the fund that participated in this operation. The involvement of Messi and Griezmann further highlights Apartool's growing prominence and the confidence that investors have in its potential for success.

The inclusion of Messi and Griezmann in Apartool's capital is a significant publicity boost for the company. With millions of followers worldwide, their association with Apartool is expected to enhance the brand's visibility and attract new clients.

With a robust business model, a strong foundation, and a clear vision for the future, Apartool is well-positioned to capitalize on the expanding corporate temporary accommodation market. The recent funding round, coupled with the support of renowned investors like Lionel Messi and Antoine Griezmann, will undoubtedly fuel the company's growth trajectory and further cement its position as a leading provider of corporate housing solutions.