Habi, a Bogota-based proptech, has closed on $200 million in a Sequence 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 elevate follows a 12 months of sturdy progress, based on the corporate, which noticed its income enhance by “properly over 20x” in 2021. With this newest elevate, Habi says it has change into the second unicorn in Colombia and the one LatAm unicorn with a female founder and CEO, based on Crunchbase. It additionally claims that it’s now the primary proptech unicorn in Spanish-speaking LatAm. Brazil — the place the inhabitants speaks Portuguese — is residence to a couple of proptech unicorn, together with QuintoAndar and Loft.
Habi says its mission is to “empower” low- and middle-income shoppers within the housing sector by offering entry to liquidity and data “in a market the place knowledge is proscribed and the vast majority of houses usually are not listed on-line.” The startup at the moment operates in additional than 15 cities in Mexico and Colombia.
The corporate final raised in June of 2021 — a $100 million Sequence 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 World, 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 companies and proprietary database, in order that it will possibly supply clients a full stack of companies, together with iBuyer, brokerage, monetary companies and a market.
“With sturdy partnerships and an expanded market presence, we’re on the very early phases of constructing out the infrastructure to supply much-needed info, 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 develop geographically throughout Spanish-speaking LatAm and double down on its push into embedded monetary companies.
