Highlights
- First investment under ADQ’s EUR 4 billion bilateral investment partnership with Greece announced earlier this year
- DisruptAD will support Blueground in achieving its target to expand to 50 cities by 2025
DisruptAD, ADQ’s venture platform, announced an investment in Blueground, a Greek PropTech company offering a turnkey housing solution for renters globally.
Founded in Athens by CEO Alex Chatzieleftheriou, Blueground is a technology platform that provides users with a simple online booking experience to access long-term rental options in quality apartments located in desirable neighborhoods. Blueground has grown rapidly since its inception in 2013, now operating in 26 cities across Europe, North America and Asia with a portfolio of approximately 9,500 apartments. By the end of 2025, Blueground aims to expand its network of apartments to 40,000 located in 50 cities.
ADQ launched DisruptAD in 2021 as its venture platform to enable entrepreneurial innovations. The platform aims to be a long-term partner by providing access to capital to early and late-stage startups, as well as support to founders through its various value creation activities that range from incubation to growth.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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