LatamList – Habi, a Colombian proptech, raised a $10M Series A funding round led by Inspired Capital. Other investors include 8VC, Clocktower, Homebrew, Zigg, and Vine Ventures, among others.
Habi is a data-driven real estate company working to simplify homeownership in Latin America. The use of pricing algorithms, a comprehensive proprietary database, and a smart platform, greatly speeds up the process of buying and selling properties for homeowners.
“At Habi, we are united by our mission to empower middle-class residential sellers, buyers, and owners in the most significant financial decision of their lives,” said Brynne McNulty Rojas, Co-Founder and CEO of Habi.
Habi is now Colombia’s largest homebuyer, and experienced a three-fold growth since March, despite lockdown in Bogotá.
“Before Habi, access to real estate information was fragmented and liquidity was hard to come by, with an average time on market of 14 months. Our technology—a proprietary database, pricing algorithm, and smart platform—has instantly modernized the process, and we are selling houses over three times faster than the market,” Rojas continued.
The new funding will be used to continue developing the platform and technology, as well as launching Habi into Medellín.
