Habi rakes in $5.5m in pre-seed funding to support expansion

Colombian PropTech platform Habi has scored $5.5m in pre-seed funding which will aid its launch into three new countries in Latin America.

Tiger Global Management, a US-based investment firm, led the round, with contributions also coming from Homebrew, Zigg, Reshape Holdings, FJ Labs and Supernode Ventures.

The company was founded with the goal of simplifying the process of buying and selling residential real estate for middle-class consumers in Latin America. Leveraging pricing algorithms and a digital marketplace for buying and selling properties, Habi claims to lower the sales time to just two weeks.

Habi CEO Brynne McNulty? Rojas said, ?By combining advanced analytical tools with human insight, we help our clients buy, improve and sell homes quickly and efficiently, giving them transparent access to information and, most importantly, peace of mind during the greatest financial event of their lives.

?We plan to use this investment to build and scale a single solution for current and future residential owners at every stage of the homeownership process in Colombia and throughout Latin America.p>

Latin America FinTech sector is rapidly growing in terms of investing. Between 2014 and 2018 a total of $1.5bn has been invested into the region FinTech scene – nearly half of this capital was invested last year.

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