Habi, the Colombian-based PropTech, has raised $75m of credit lines, just one month after officially becoming a unicorn.
Habi now has access to the cash from multiple financial institutions (including TriplePoint Capital) after securing $200m in equity from its Series C funding round led by Homebrew and SoftBank Latin America Fun.
The credit lines will be used to further expand Habi’s capacity to offer financial services through its home-buying and selling platform.
Martin Kantt CFO at Habi, said:
“Accessing these new credit lines, just one month after announcing our Series C, reiterates the confidence that several of the world’s most important financial institutions have placed in Habi, and even more importantly, that they continue to bet on our region to improve the quality of life for millions of Latin Americans.”
Habi has risen quickly through the ranks in Colombia’s startup scene as an iBuying platform—privately acquiring homes, renovating them, then reselling them to consumers within 60 days.
The company already operates in 15 cities in Colombia and Mexico. Habi acquired Mexican portals Propiedades and Tu Cantón earlier this year.
Habi becomes the second Colombian startup to earn a $1bn valuation after delivery app Rappi.