Mexico: PropTech startup TrueHome lands US$8.8 million in new funding

TrueHome, Mexican proptech, hasn't said much regarding its latest funding round - until now. The startup announced the conclusion of a successful Series A round work US$8.8 million. 

Class 5 Global and monashees co-led the investment.

They were joined by FJ Labs and Mountain Nazca.

In the latter’s case, this is the second time it’s invested in the proptech. TrueHome had previously raised a seed round for US$1.3 million with this Mexican venture capital (VC) firm.

The startup will be using these fresh funds to expand its market share of real estate brokerage in Mexico City.

Brokering deals for real estate

TrueHome works as a digital real estate platform and broker to make the oh-so-paperwork-filled process of buying/selling a home more transparent experience. 

On its platform, residential properties are hosted. Users benefit from marketing services to showcase their home, legal advice, and of course, real estate experts to guide them through the process.

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