Colombian proptech Habi reaches unicorn standing


Habi, a Bogota-based proptech, has closed on $200 million in a Collection C funding spherical co-led by Homebrew and SoftBank Latin America Fund.

The startup didn’t reveal its precise valuation, saying solely it had reached unicorn standing — which means that it’s now valued at greater than $1 billion.

The increase follows a 12 months of robust progress, in line with the corporate, which noticed its income enhance by “nicely over 20x” in 2021. With this newest increase, Habi says it has turn into the second unicorn in Colombia and the one LatAm unicorn with a female founder and CEO, in line with Crunchbase. It additionally claims that it’s now the primary proptech unicorn in Spanish-speaking LatAm. Brazil — the place the inhabitants speaks Portuguese — is dwelling to multiple proptech unicorn, together with QuintoAndar and Loft.

Habi says its mission is to “empower” low- and middle-income customers within the housing sector by offering entry to liquidity and data “in a market the place knowledge is proscribed and the vast majority of properties usually are not listed on-line.” The startup at present operates in additional than 15 cities in Mexico and Colombia.

The corporate final raised in June of 2021 — a $100 million Collection B led by SoftBank Latin America Fund. Since its 2019 inception, Habi has introduced in over $315 million in fairness funding. Banco Mercantil del Norte SA, Institución de Banca Múltiple, Grupo Financiero Banorte, Tiger International, Impressed Capital, Clocktower Ventures, Endeavor Catalyst and Henry Kravis participated within the newest financing, amongst others.

Over the previous 12 months, Habi says it has labored on constructing out its providers and proprietary database, in order that it could supply clients a full stack of providers, together with iBuyer, brokerage, monetary providers and a market.

“With robust partnerships and an expanded market presence, we’re on the very early phases of constructing out the infrastructure to offer much-needed data, belief and liquidity to a housing market that desperately wants it,” stated Brynne McNulty Rojas, Habi’s co-founder and CEO, in an announcement.

In January 2022, Habi introduced its acquisition of on-line market Propiedades.com and iBuyer Tu Canton as a part of its effort to develop its presence throughout Mexico.

The corporate plans to make use of the brand new capital to broaden geographically throughout Spanish-speaking LatAm and double down on its push into embedded monetary providers.

My weekly fintech e-newsletter, The Interchange, launched on Could 1! Join here to get it in your inbox.



Source link


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *