Ukio

Ukio

Design-focused rental of fully furnished apartments

Overview

Ukio provides rental housing with a design-first approach. It offers stylish, fully furnished apartments in prime locations that are carefully chosen for both aesthetics and accessibility to everyday amenities like groceries, cafes, and gyms. Customers can choose from a range of design styles to match their taste, and properties are designed to deliver a consistent, high-quality living experience for short or long stays. Unlike typical rental platforms, Ukio differentiates itself through curated property selection and a strong emphasis on design and location, aiming to attract design-conscious tenants and build long-term loyalty. Overall, the goal is to become the trusted source for well-designed, convenient, and well-located rental homes.

About Ukio

Simplify's Rating
Why Ukio is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Design

Real Estate

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$40.8M

Headquarters

Barcelona, Spain

Founded

2020

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Simplify's Take

What believers are saying

  • Ukio said revenue grew sevenfold since early 2022, signaling strong demand.
  • Its 500-plus apartment footprint gives scale against smaller furnished-rental competitors.
  • The 2025 CTO hire supports automation, AI, and faster tech-powered expansion.

What critics are saying

  • Ukio still depends on expensive, debt-heavy expansion into Paris, Dublin, and Milan.
  • A 93% 2023 occupancy rate still leaves renovation, vacancy, and operating-cost exposure.
  • No public evidence shows durable profitability; a funding slowdown could choke apartment inventory growth.

What makes Ukio unique

  • Design-led furnished rentals in Barcelona, Madrid, and Berlin target mobile professionals.
  • Ukio reported 96% occupancy and 2023 revenue of €25 million.
  • Hugo Conceição joined as CTO in February 2025, sharpening product and automation execution.

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Funding

Total Funding

$40.8M

Above

Industry Average

Funded Over

4 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$18.7M
Ukio
$30M
Kalshi

Benefits

Health Insurance

Team Social Events

Commuter Benefits

Flexible Work Hours

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
Ezy Travel Hub
Oct 19th, 2025
Ukio secures €27M for European expansion

Ukio, a mid-term rental startup, has secured €27M in Series A funding, comprising €17M in equity and €10M in debt. The round was led by Felix Capital, with contributions from Kreos Capital, Heartcore, and Breega. The funds will support Ukio's expansion into cities like Paris, Dublin, and Milan. Founded in 2020, Ukio has grown its revenue sevenfold since early 2022 and maintains a 96% occupancy rate across its 500+ apartments.

AIM Group
Apr 29th, 2025
Ukio appoints Hugo Conceição as CTO

Spain-based medium-term rental marketplace Ukio has appointed Hugo Conceição (above) as CTO.

EU-Startups
Feb 10th, 2023
10 Super Exciting Spanish Startups To Watch In 2023 And Beyond

Home to sunshine, sangria and soaring startups, Spain is quickly becoming one of Europe’s hotspots for fresh and impactful innovation. Tech innovation and entrepreneurial spirit are reaching record levels in Spain which is helping the startup ecosystem grow – and it’s exciting to see! Alongside this, the Spanish government seems to be committed to supporting startup culture as well. In 2022, the country introduced the Startup Law which is helping international startups settle into Spanish life, introducing visas for digital nomads and even opening up for tax benefits. Barcelona and Madrid – two cities famous for some rivalry – have developed into two beating hubs on the European startup stage. We took a look at how the two cities square up recently, but, it’s also important to note the rise of cities like Valencia and Bilbao that is also contributing to a healthy outlook for the nations as a whole

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