Blueground, a real estate tech company has raised $50 million in a Series B round investment. It provides a furnished apartment to vetted renters for lodging and staying for months and longer. The investors who participated in the investment round were WestCap Investment partners and Prime Ventures. WestCap’s founding partner was the chief financial officer previously of both Airbnb and Blackstone.

Blueground by the end of this year plans to initiate offering people places to stay in London, Paris,

Seattle. The company has amassed more than 2,800 apartments in residential buildings in nine cities. It has raised a total of INR 78 million in equity funding.

Every Blueground apartment is fully furnished and loaded with amenities and services so that a guest only has to turn up and gain access to high-speed Wi-Fi and so forth. Business travelers can arrive and merely “plug in” to existing tech services, such as cable TV and internet, along with amenities, such as gym memberships.

Blueground, founded in Athens, Greece, in 2013, has now raised $78 million in equity funding to date. The company previously received funding from one of the Middle East's largest venture funds, Jabbar Internet Group, and the Athens-based venture fund VentureFriends. At the beginning of this year, Blueground named the entrepreneur (and Business Insider co-founder) Kevin Ryan to its board. Blueground is the latest in a line of flexible-stay and short-term-rental companies that have raised big funding from venture capital. Lyric's $160 million funding round in April was led by Airbnb, and Sonder raised $210 million in July at a valuation of over $one billion.