Flat.mx, a Mexican proptech, raised a $20M Series A funding round co-led by Anthemis and 500 Startups. The round also included ALLVP, Expa, and various angel investors.
Founders Bernardo Cordero and Victor Noguera are working to fix Mexico’s broken real estate market with their fast and convenient platform that transforms the lengthy process of re-ownership into just days.
“The real estate market in Mexico is broken, one of the biggest problems is that it takes sellers anywhere from six months to two years to sell. So we launched the most radical solution we could find: an instant offer,” said Cordero.
Flat.mx is a third-party marketplace, contractor, broker, and maintenance service, all in one. The platform optimizes customer experience and creates a quick and easy transaction through its one localized platform.
The proptech has increased sales by 70% quarterly and has increased inventory 10-fold in the last year.
Flat.mx will use the new funding to continue developing the platform to create a more rounded and customer-oriented buying experience.
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