Brazilian proptech Homeland raised $8M by issuing Certificados de Recebíveis Imobiliários (CRI), a type of real estate-backed securities, in a deal structured by RBR Asset.
Homelend helps customers buy a TecHome, a custom home, by finding the best financing options, handling the paperwork, and delivering the home ready to live in.
Homelend will use the funds to build a new TecHome industry plant, a place in which they build the TecHome units, and to provide financing for home construction.
“TecHome involves financing a custom-built home that has not yet been constructed. This CRI does not constitute corporate debt. Instead, the investor will finance the end customer directly,” said Homelend’s Co-founder and CEO Guilherme Porto Bruno.
Founded in 2018, Homelend raised a $5.7M Series A in 2024, and a $4M seed round in 2021, both led by Astella.
Read more on LatamFintech Hub and NeoFeed.
