Colombian proptech Habi reaches unicorn standing with $200M increase co-led by SoftBank and Homebrew

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 over $1 billion.

The increase follows a yr of robust development, in response to the corporate, which noticed its income improve by “nicely over 20x” in 2021. With this newest increase, Habi says it has turn into the second unicorn in Colombia and solely LatAm unicorn with a female founder and CEO, in response to Crunchbase. It additionally claims that it’s now the primary proptech unicorn in Spanish-speaking LatAm. Brazil — the place the inhabitants speaks Portuguese — is house 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 information 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, S.A.,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 yr, Habi says it has labored on constructing out its providers and proprietary database, in order that it could possibly 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 levels of constructing out the infrastructure to offer much-needed info, belief and liquidity to a housing market that desperately wants it,” mentioned Brynne McNulty Rojas, Habi’s co-founder and CEO, in a press release.

In January 2022, Habi introduced its acquisition of on-line market 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 increase geographically throughout Spanish-speaking LatAm and double down on its push into embedded monetary providers.


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