Industry News
Anthemis and 500 Startups Lead USD20m Series A for Mexican Proptech Flat.mx
1 September 2021
UK-based VC Anthemis and 500 led a USD20m Series A for Flat.mx, a Mexican proptech focused on the purchase, renovation, and resale of residential real estate, with participation from Expa, and follow-on from ALLVP. Arc Labs made a USD25m debt investment in 2020; ALLVP led a USD4.5m pre-seed round in 2019.
(TechCrunch) – Flat.mx, which wants to build a real estate “super app” for Latin America, has closed on a $20 million Series A round of funding.
Anthemis and 500 Startups co-led the investment, which included participation from ALLVP and Expa. Previously, Flat.mx had raised a total of $10 million in equity and $25 million in debt. Other backers include Opendoor CEO and co-founder Eric Wu, Flyhomes’ co-founder and CEO Tushar Garg and Divvy Homes’ co-founder Brian Ma.
Founded in July 2019, Mexico City-based Flat.mx started out with a model similar to that of Opendoor, buying properties, renovating them and then reselling them. That September, the proptech startup had raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande.
Read more at TechCrunch.
You may be interested in...
-
Lightrock Deal Case; BTG Pactual Wins Bid for Transmission Assets
-
USD200m+ in New Deals; Leadership Moves for Valor, DOMO, dLocal
-
Elevar Equity Deal Case; Aqua Capital Reaches USD450m Final Close for Ag & Food PE Fund III
-
Save the Date for LAVCA ESG Awards; Vinci Partners Merged with Compass Creating USD50b AUM Asset Management Platform