La Haus, a digital solution for the LATAM market looking to move away from the traditional real estate transaction avenue, announced it has raised $35 million in a Series B funding round led by Greenspring Associates, with participation from Acrew Capital, Kaszek Ventures, NFX, Trulia’s Co-Founder, IMO Ventures, Zillow’s Spencer Rascoff, and Hometeam Ventures.
The proptech company said that the raised funding will go towards expanding its current services and expand into more markets within LATAM.
Seyonne Kang, Partner at Greenspring Associates, said:
"We see incredible opportunity in proptech companies growing in Latin America, a region with more than 600 million people, and relatively low but ever-growing homeownership rates.
"They face less competition from legacy companies and serve a huge and growing population that is just starting to embrace online transactions. La Haus stood out as a leader in this space due to its vision and track record, having already scaled its young company across two countries. We are excited about the company's prospects and look forward to being a part of their continued success."
Further moves to cinch its place as a forerunner in the LATAM market when it comes to digital real estate transactions, La Haus has entered a number of strategic partnerships with developers in Mexico and Colombia to streamline the selling process.
La Haus was also well-prepared to deal with the various problems that arose from the pandemic. Co-Founder and President Rodrigo Sánchez-Ríos, said:
"We couldn't possibly have imagined a year ago what life would be like right now, but we are grateful that the company we built pre-Covid was in a position to help so many Latin Americans find and buy their perfect home during the pandemic.”
La Haus broke records amidst the Covid crisis when it came to revenue growth. In Mexico, especially, La Haus’ business grew five times within the last 12 months, making it the most used brokerage in Mexico City.
"For most people, homeownership is key for the creation of wealth and stability. Before now, it's been out of reach for many Mexicans and Colombians. We're excited to use this funding to bring this opportunity to many more people across Latin America."