Muppy Raises €2.3m to Lead Spanish Flexible Rental Market

Shared 07 May, 2024

Spanish villa, a flexible rental property, with the Muppy logo overlaid, following their raise

Aiming to lead Spain’s flexible rental market, Muppy attracts significant investors and outlines ambitious growth plans.

  • Muppy specializes in short to mid-term accommodations, positioning itself as a leader in Flex-Living across Spain.
  • Notable investors include Filipe de Botton and Alexandre Relvas, with additional support from prominent national figures.
  • The company currently manages 500 rooms, collectively valued over €75 million, across five key Spanish cities.

Muppy has introduced an AI-powered platform that streamlines the entire rental process from booking to management, enhancing asset profitability and user experience. This technological innovation supports Muppy’s commitment to revolutionizing flexible living accommodations by providing fully furnished, centrally located residences, complete with utilities and maintenance included in a single bill.

The recent funding round led by international and national investors aims to solidify Muppy’s market dominance in Spain and expand into Portugal. Noteworthy contributors include prominent figures from Logoplaste, Carlyle Group Europe, Grupo Prisa, and Capgemini Spain, signaling strong market confidence in Muppy’s business model and growth trajectory.

Looking forward, Muppy plans to manage over 1,500 rooms by 2025, with an estimated portfolio value exceeding €200 million. The company has been recognized as Spain’s top Flex-Living startup in 2023, reflecting its significant impact and potential in reshaping housing solutions in line with modern professional and lifestyle flexibility. With projected revenue growth in Europe from €122 billion to €550 billion over the next decade, Muppy is well-positioned to lead and expand in the flexible living sector.


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