# Urban Ground

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/urban-ground

- Industry: Commercial Property
- Headquarters: Germany
- Website: www.urbanground.de
- Latest round: Seed (Aug 10, 2021)
- Investors on record: 1

## About

Urban Ground GmbH is a Berlin-based company specializing in long-term rental apartments, offering a fully digital rental process designed for expatriates and students in urban centers like Berlin and Frankfurt.Urban Ground GmbH focuses on providing a seamless online rental experience for long-term apartments. Founded in 2017 in Germany, the company has successfully completed one deal as of August 2021. The co-founders, Andy Spirou and Praneel Redlapalle, have worked to establish a platform that simplifies the rental process for their clients.Urbanground specializes in providing long-term rental apartments primarily in urban centers such as Berlin and Frankfurt. Their core offerings revolve around a fully digital rental process that includes features such as 360-degree virtual video tours of apartments, flexible lease terms ranging from three months to longer durations, and multilingual support for international tenants. Urbanground’s service model is particularly tailored for expatriates and students, allowing them to search, view, and book apartments entirely online without the burden of hidden fees or additional charges. The company also accommodates non-German documentation for credit and employment verification, thereby streamlining the rental process for clients from various countries. Their customer base primarily includes young professionals, students, and expatriates seeking convenient and hassle-free housing solutions in Berlin and Frankfurt.Urbanground generates revenue through direct transactions with tenants who rent apartments via their online platform. This revenue model is characterized by a straightforward booking and payment process, where clients can pay through credit card, PayPal, or bank transfer upon selecting their desired apartment. The company does not impose additional charges, which enhances customer satisfaction and loyalty. While specific pricing details for individual apartments are not disclosed, the rental contracts typically cater to diverse needs with flexible terms. The company's offerings are distinct in that they provide dual-language rental contracts, ensuring clarity for international tenants. The efficient service approach likely contributes to a high occupancy rate of their properties, thereby sustaining a steady revenue stream from both short-term and long-term rentals.In August 2021, Urban Ground GmbH raised an undisclosed amount in Seed funding led by High-Tech Gründerfonds, with participation from other investors. The company plans to utilize these funds to enhance its full-stack rental platform and to expand into additional German cities. Specific regions targeted for this expansion include other urban centers in Germany, although exact locations have yet to be disclosed.

## Funding rounds

- Seed, Aug 10, 2021 — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed