LatamList – Casai, a Mexico City-based boutique property startup, recently raised a $23M Series A led by Andreessen Horowitz, a private North-American VC firm. This funding round was accompanied by a debt line of $25M from TriplePoint Capital.
The round included additional commitments from the a16z’s Cultural Leadership Fund, Kaszek Ventures, Monashees Capital, Global Founders Capital, Liquid 2 Ventures, and individual investors, such as the founders of Nova Credit, Loft, Kavak, and Runa.
Casai procures high-end buildings in urban centers, creating comfortable and affordable apartments, with a touch of cultural authenticity, for tourists. Based in Mexico City, the startup aims to provide an authentic, cultural experience for travelers. The apartments are located in neighborhoods with the best food, art, and culture that the city has to offer.
Initially hit hard by the COVID-19 pandemic, the startup has recovered to reach nearly 90% of its full capacity. Casai currently has nearly 200 units in Mexico City and plans to expand soon.
The startup also prioritizes supporting local businesses with apartments featuring a range of artwork from local artists.
The apartments include keyless check-in, a Google Home device, Chromecast-powered TVs, high-speed WiFi, and a 24×7 concierge, all controlled via the Casai app. Bookings can be made on the Casai website, or any other tourist site, such as Airbnb or Booking.com.
Read more on a16z or Techcrunch.