Aptuno, a Colombian proptech startup, announced a $5M seed round from multiple investors. The funding, led by Dalus Capital and Kayyak Ventures, will be used to hire tech talent across the region to scale Aptuno’s fintech product line, machine learning capabilities, and operations throughout the region. The list of investors also includes Amador Holdings, Salkantay Ventures, and Shaun di Gregorio, CEO and founder of Frontier Digital Ventures.
Aptuno’s mission is to provide liquidity to the multibillion residential real estate rentals providing a seamless end-to-end experience to an ever-growing set of digital-native renters. The proptech operates in Colombia, currently serving Bogota and Medellin, and recently expanded to Mexico City.
“There are over 25 million households for rent in Spanish-speaking Latin America, mostly owned by individual landlords, yet renting remains a very cumbersome process for renters, owners, and brokers. By simplifying the process with fast credit approvals for rent guarantee insurance, rent discount loans, a 100 percent digital transaction, and tech-enabled property management services, our technology provides liquidity to the massive but historically inefficient single-family rentals market,” said Alejandro Gomez de Greiff, co-founder and co-CEO of Aptuno.
Since 2019, Aptuno has grown to host over 1,500 unique listings and has closed 900 transactions in 2021, 11 times the transactions closed during the same period in the previous year.