Mexico City-based real estate technology platform DD360 closed a $91 million investment round led by US venture capital fund Creation Investments Capital Management and several other investors.
DD360 is a proptech/fintech company that facilitates financing and management of residential real estate in Mexico. The startup plans to use the funds to support loan growth acceleration and product roll-out through the expansion of its technology platform offerings and software development team.
“We are pleased to add Creation Investments as a shareholder to support our growth and roll-out of business-to-consumer mortgage and other product offerings. With these resources, we will continue to expand our team and balance sheet while addressing the enormous deficit of housing in Mexico.” Jorge Combe, co-founder and CEO of DD360.
Headquartered in Mexico City, DD360 is focused on delivering the best technology-driven real estate experience in Mexico. Through its digital ecosystem, the company supports residential real estate developers from the inception of new projects to the sale of individual residential units, with technology solutions that break the traditional financing process in the real estate sector.
Founded 4 years ago by Jorge Combe and Martin Werner, DD360 has been bootstrapped and profitable since inception, while managing a loan portfolio of more than $230 million. The company has financed 120 real estate projects across Mexico and is growing rapidly in its business-to-consumer mortgage offering, supported by the launch of its digital mortgage origination platform Compa.
