QuintoAndar, a Brazilian online property portal, has recently announced that is has ended a Series C funding round with R$ 250 million (approximately US$64-$65 million) led by General Atlantic, with participation from Kaszek Ventures, Ruane, Cunniff & Goldfarb, Qualcomm Ventures, and QED.
This round of funding will enable QuintoAndar to consolidate market leadership in residential rentals in Brazil, accelerate its expansion plans, and drive long-term partnerships with other real estate companies.
QuintoAndar was created as a way to improve the way people live in urban areas with a platform designed to eliminate expensive bureaucracy and guarantor requirements for tenants. It was also built to provide higher returns for landlords through a faster rental process and rental payments assurance.
Launched in 2015, QuintoAndar expanded from São Paulo to Rio de Janeiro in 2018. And the company logged an average of 2 property visits per minute scheduled on their inventory as of last month. This is a 300% year-over-year increase.
Read more here
Join us in Bangkok the 19th to the 22nd of March for the Property Portal Watch Conference.