Funding and Investment Roundup: Flyhomes, Prosus

This week's roundup starts in the United States, where Flyhomes is staying busy...

North America: Flyhomes raises $15M in Series D funding

The American buy-before-you-sell platform Flyhomes has raised $15 million in Series D funding, with existing investors injecting additional funding into the company.

According to Crunchbase, Flyhomes investors include Andreessen Horowitz, Norwest Venture Partners, Canvas Partners, and Camber Creek.

Tushar Garg, CEO at Flyhomes, said:

“This is a natural evolution of our business. Our Series D funding and the recent sale of our AI home search technology enable us to double down on this wholesale distribution strategy.”

The investment comes shortly after Flyhomes sold its AI-powered portal—including its engineering team—to The Real Brokerage in July. Real took equity in Flyhomes as part of the deal.

Europe: Prosus sells OLX Uzbekistan to TBC Bank Group

The Georgian digital banking fintech TBC Bank Group has agreed to acquire a majority stake in OLX Uzbekistan (OLX.uz) from its parent company, Prosus. Terms of the deal were undisclosed.

The investment is a joint venture between TBC and Titan Investments. The companies will buy the whole company and then grant a 51% stake to TBC.

OLX Group is the classifieds arm of Dutch-listed tech investor Prosus, which will divest from the company. OLX Uzbekistan has 5.4 million monthly active users and 2.2 million active listings across services, goods, vehicles and real estate. OLX.uz is one of the top ten most visited websites in the country, according to data from Similarweb.

Nika Kurdiani, CEO of TBC Uzbekistan, said:

“Our ecosystem counts 21 million unique registered users, reaching over half of Uzbekistan’s population. We are proud to partner with Titan Investments, who are bringing their successful track record of scaling classifieds into the mix."

TBC Bank Group is registered in England and Wales, operating an Uzbekistani subsidiary that in turn operates Uzbekistan's most popular digital bank, a payment app for individuals and businesses, a digital insurance provider, and an instalment credit business.

The bank plans to integrate financial products into the classifieds platform and develop new services in collaboration with Titan, which has previously scaled other online marketplace businesses.