Brazilian proptech Makasí raised $19M by issuing Certificados de Recebíveis Imobiliários, a type of corporate bond. RBR Asset structured the issuance.
Makasi is a platform that streamlines financing for residential constructors. The platform automates risk analysis, resource management, and construction oversight, providing fast access to funding.
“We aim to address the pain point of a sector in which many real estate developers struggle to access credit, even in a market with high demand,” said Caio Bonatto, Makasí’s co-founder and CEO.
Makasí will use the funds to offer credit to small and mid-sized real estate developers.
Founded in 2023, Makasí has supported the financing of over 2,800 real estate projects across 14 Brazilian states.
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