Luxury-rental startup raises $50M in equity

Blueground and its new investors are banking on fast growth and a “recession resistant” model.

The luxury-rental company announced its Series B funding round raised $50 million in equity financing. The round was led by Airbnb investor Laurence Tosi’s investment firm Westcap Group and Europe-based Prime Ventures. It brings Blueground’s total equity funding to $78 million.