Mexican residential real estate platform Homie raised an undisclosed round from an unnamed affiliate of Equity International, with follow-on from Angel Ventures Mexico, and others.
(Press Release) Homie, a leading residential-rental platform in Mexico, announced today that the company closed on a significant financing round. Proceeds will be allocated to expand Homie’s online platform, which centralizes available rental housing options, enables tenants to expedite the rental process, and eliminates the need for unnecessary guaranties. Homie also protects landlords from rent payment defaults and helps streamline the leasing and collections process.
An affiliate of Equity International, Sam Zell’s investment firm focused on building businesses across the globe, led the over-subscribed round. Other new investors participated as well as Angel Ventures Pacific Alliance II and several current shareholders with their pro-rata. “This capital will enable us to solidify our position as the leading residential housing solutions provider in Mexico,” said Jordi Greenham, CEO and Founder of Homie. “Specifically, we are allocating proceeds to broaden our relationships with developers and brokers, to further develop our proprietary technological platform, and to expand our team. Our new investors provide the institutional expertise and industry knowledge that will fuel our growth well into the future.”
Homie is leading the institutionalization of the fragmented Mexican housing sector. The company solves challenges that face tenants, property developers, and owners by making the rental process more efficient.
Homie serves thousands of landlords and tenants daily in more than 100 cities across Mexico. In 2020, Homie expects to manage nearly 15,000 residential rental units, making the company the leader in its industry.