Kukun, a Mexican neo-hospitality proptech, raised a $4.5 million seed investment round from Antelo Capital, View Capital, FJLabs and Bridge Partners.
According to its co-founders, Heberto Taracena, David Daniels and Ismael Diakite, the startup’s mission is to create emotional bonds between travelers and destinations; as well as to transmit local culture through interactive technologies.
“We are convinced that the hospitality sector requires a transformation.”
Sebastian Garza, Antelo Capital investor.
Heberto Taracena, CEO of Kukun said the hotel industry is constantly changing, so they see an opportunity to generate experiences for contemporary travelers who seek to experience culture in depth.
As explained in a press release, with neo hospitality they aim to create stays that “create emotional bonds between travelers and destinations; transmit local culture through emerging design and interactive technologies”.
In Latin America alone, the industry is worth approximately $45 billion, of which almost 40% corresponds to Mexico, according to Ismael Diakite, cofounder of Kukun.
The proptech began operations in 2021, managing and offering short-term stays located in key areas of Mexico City. Currently, the platform manages 130 properties for short-term stays. However, the founders claim they have allies that will allow them to exceed 800 properties by the end of 2023.