LatAm List – Flat, a Mexican property tech startup raised $4.6M during a pre-seed round led by ALLVP, along with Liquid2 Ventures, Next Billion, Picus Capital and a few angel investors.
However, what Mexico’s real estate market has in potential it lacks in information. Mexican sellers are not equipped with a centralized database of real estate pricing information, as is the case in the US with marketplaces like Zillow.
Transferring property ownership also involves a lot of red tape that makes the transaction incredibly illiquid.
Flat seeks to help accelerate the overall process of selling a home in the Mexican real estate market. Plans for the startup’s expansion will focus on growing within other verticals of property management in the Mexican market, instead of expanding across the region.
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