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Saturday, December 3, 2022
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ILV Silver advises on Ukio’s $28m Series A

ILV Silver has advised lead investor Felix Capital and Ukio, a short-term furnished apartment rental platform aimed at the flexible workforce, on Ukio’s $28 million Series A funding round

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According to TechCrunch, the cash injection constitutes €17 million in equity and €10 million in debt and follows some 14 months after the Spanish company announced a €9 million seed round of funding.

Founded out of Barcelona in 2020, Ukio is targeting a very specific subset of society — one that doesn’t like to be tied to a fixed location, either in their personal or professional lives. With the remote work revolution continuing apace, Ukio wants to give professionals the comforts of home with the added perks and flexibilities of a hotel, with each apartment including a concierge and reception area, while some properties also include a weekly cleaning service and linen/towel replacement.

On this capital raise, Stanley Fourteau stated: “With a presence in 4 markets and a growing list of 500 apartments by year-end, we at Ukio are excited to offer consumers a better way. One characterized by agile leases, beautiful interiors, and a seamless and totally digital customer experience. This fresh round of funding will allow us to extend our reach to more countries across Europe, enhance our tech stack and continue building out a world-class team to serve our guests. A huge thank you to our lead investor Felix Capital (Antoine Nussenbaum), for believing in our mission in addition to our other investors and angels – Heartcore Capital, Breega, Kreos Capital, Partech, Sarona Ventures (Alex Bouaziz), Actyus to name a few – for their ongoing support and wisdom.”

ILV Silver’s team was formed by Transactions & Valuations Services partner Jeff Singer and Tax partner Ignacio de Lara.

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