Cyprus-founded Piney raises €1.6 million to take its rental operations platform beyond Europe

Piney, a Cyprus-based provider of cleaning and operations solutions for short- and mid-term rental property managers, has secured €1.6 million in funding for its expansion beyond Europe. The investment round, led by Uni.fund, also saw participation from 33East and VENTERI Capital. Piney claims its platform can reduce property managers' operational workload by up to 80% by combining in-house cleaning teams, automated scheduling, and a real-time monitoring dashboard.

Since its inception in 2022, Piney has grown its property management portfolio from 1,300 to 5,000 properties across Spain, Portugal, Greece, Cyprus, France, and the United States. The startup's technology platform enables it to scale like a software company rather than a traditional hospitality business. Spain is now its largest market, followed by Greece, Cyprus, Portugal, and France.

Uni.fund's partner, Sotiris Papantonopoulos, praised Piney's disciplined growth, strong unit economics, and a product that property managers rely on daily. He added that supporting Piney's expansion beyond Europe was a natural next step.

Founder and CEO Nicholas Chrysostomou stated that the funding round is about taking what Piney has proven in Europe and bringing it to the world. The company has nearly quadrupled the properties under its management in under two years, and its increasingly AI-driven technology is what makes this growth possible. Piney plans to use the new funding to deepen its position in existing European markets, accelerate technology development, and support its expansion outside Europe, starting with Miami, its first market on the other side of the Atlantic.