Brazilian proptech startup Housi raises $12M from Redpoint Ventures

December 15, 2019
Share this Post: 

Residential asset management platform, Housi, has secured $12 million in investment equity from American venture capital fun, Redpoint Ventures.

Housi, having launched in January of this year, developed an asset management platform that promotes on-demand housing to answer the needs of the modern metropolitan consumer.

Housi offers a much needed solution to Brazil, where there is an 8 million housing deficit, and where the new generation of consumers has an ever-growing demand for affordable housing.

Alexandre Lafer, Housi CEO, says:

"We believe that people will more than ever acquire housing in a membership structure concept. So with Housi, living will be as easy as signing up for a Netflix account or ordering a car on UBER. Our members are afforded a friction-free metropolitan lifestyle through a vibrant co-living environment, where they have immediate access to whatever they need through the best techdriven concept in the country and for as long as they choose do so."

Within just the last 8 months, the proptech startup has reached an impressive $800 million target of assets under management (AUM).

According to Flavio Pripas, a partner at Redpoint:

"Our goal is to triple in size and reach a target of R$10bn (US$2.5bn) of AUM by the second quarter of 2020.

"Housi will change the dynamics of city living and improve people's lives. We are offering a new asset class in Brazil that translates as Multifamily 2.0 reaching 50% higher yields than the traditionally offered in the marketplace. Our sophisticated algorithms and data science give the model a unique competitive advantage."

Housi is in the midst of creating a Real Estate Investment Trust (REIT) to source assets as well as support any other initiatives within the financial market. Housi plans to use the investment from Redpoint to not only boost its national expansion, but invest in innovative technology and data science for the real estate sector.

The startup will kick off 2020 with a USA roadshow to raise more investment that it can use to fund further developments to broaden its expansion and reach other Latin American countries.

SOURCE Housi
Edited by V. Haviland

Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.

Bkk2020_728X90_Version2

Read more

December 15, 2019
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick