{
  "id": 5281989,
  "title": "Cyprus-founded Piney raises €1.6 million to take its rental operations platform beyond Europe",
  "url": "https://urgent.news/2026/09/03/cyprus-founded-piney-raises-1-6-million-to-take-its-rental-operations",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-03T08:20:13.000Z",
  "source": {
    "name": "EU-Startups",
    "slug": "eu-startups",
    "url": "https://www.eu-startups.com/2026/09/cyprus-founded-piney-raises-e1-6-million-to-take-its-rental-operations-platform-beyond-europe/"
  },
  "original_language": "en",
  "account": "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.\n\nSince 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.\n\nUni.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.\n\nFounder 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.",
  "summary": "Piney, a Cyprus-founded cleaning and operations provider for short- and mid-term rental property managers, has raised €1.6 million. The funding round was led by Uni.fund, which had also led the company’s €1.2 million funding round in December 2024. This funding round also saw participation from 33East, which joins an investor base including VENTERI Capital. “Piney […] The post Cyprus-founded…",
  "key_points": [
    "Cyprus-based Piney raises €1.6 million for expansion beyond Europe",
    "Investment led by Uni.fund, with participation from 33East and VENTERI Capital",
    "Platform reduces property managers' operational workload by up to 80%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Tech.eu",
        "title": "Rightcharge raises £500K to scale fleet EV charging payments across Europe",
        "url": "https://urgent.news/2026/09/03/rightcharge-raises-500k-to-scale-fleet-ev-charging-payments-across",
        "published": "2026-09-03T08:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}