Habi Raises Further $75m in Credit Lines—Just One Month After Becoming a Unicorn

June 20, 2022
Share this Post: 

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.

June 20, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zumper Slashes 15% of its Staff

Zumper laid off 15% of its 300-strong workforce last Friday, it has emerged. According to The Real Deal, the well...

Read More
Rich Barton Zillow Ceo 1
Despite Recent Turmoil Zillow Shareholders Re-elect CEO Barton to the Board

Zillow shareholders re-elected co-founder and CEO Rich Barton to the company's board of directors at Tuesday's annual shareholders' meeting. Re-elected...

Read More
Shutterstock 1781158241
Post-Merger Reorganization Leads to Job Cuts at Swiss Marketplace Group

The Swiss Marketplace Group has announced that it will be cutting 70 of its 638 employees. The cuts come on...

Read More
Onedome Sign Up
OneDome Launches New Platform for Managing Referrals

OneDome has launched a new platform for agents to monitor and manage referrals made and earned through the challenger portal....

Read More

Popular News