PropTech Funding Roundup: Habi, Housfy and LandGate

May 17, 2022
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We've got everything you need to know about the latest PropTechs out there getting investor funding. VC firms may be a little more cautious with their investing at the moment, but it looks like there are still deals to be done out there...



Habi Founders

Brynne McNulty Rojas, Co-Founder and CEO of Habi, and Sebastian Noguera, Co-Founder and President of Habi

What do they do? Habi is a Colombian-based iBuyer that operates in its native country and, like almost all Colombian PropTechs, in Mexico as well. Aside from iBuying the company offers services around valuation as well as financing products.

How Much have they got and from who? Habi has just raised $200 million in a Series C round led by Homebrew and SoftBank Latin America. According to Crunchbase, the company has raised over $350 million since its foundation in 2019.

What do they plan to do with it? It's all about geographical expansion and the embedding of financial services into its main iBuying offering. Habi currently operates in 15 cities across Mexico and Colombia but believes that the untapped potential remains vast and wants to cover all major cities in Spanish-speaking Latin America.

What's the context? Habi is one of a new generation of Latin American PropTech companies that have expanded to Mexico (Aptuno, La Haus, Loft, Houm) and are using technology to disrupt the antiquated housing system there. Habi is reported to have grown revenue by 2000% in 2021 and used some of that money to buy out two Mexican portals (Tu Cantón and back in January.



What do they do? Founded in 2016, Housfy is essentially a hybrid agency and iBuyer. The Barcelona-based company offers a full-service online brokerage in Spain which charges a flat fee and promises to sell the property within 60 days via its agent network or in 7 days via its iBuying service.

How Much have they got and from who? In a Series B funding led by Frog Capital, Hosfy has just landed $31.4 million. Other investors in the round included A/O Proptech, Banco Santander, DN Capital, Seaya Ventures and Aldea Ventures.

What do they plan to do with it? In the words of Founder & CEO, Albert Bosch:

“This round allows us to promote the growth of the ecosystem of services that we are building, giving us the ability to open and scale different businesses that, connected to each other, help us offer a better user experience,”

What's the context? Spain is one of the few European markets where iBuying has really taken off. There are several pure iBuyers (Casavo from Italy, from Finland and Clickalia) that have expanded in the market in recent years. They have all been raising a lot of capital with Housfy's last round coming back in September.



What do they do? LandGate calls itself a "Zillow of land resources". It is essentially a provider of data and a marketplace for commercial land. The company helps developers, investors, real estate agents, and landowners understand energy and environmental resource values and connect on its online marketplace for everything land-related.

How Much have they got and from who? LandGate just landed $10 million in Series B funding. The round was led by a subsidiary of NextEra Energy Resources, LLC, a leading clean energy company and the world’s largest generator of renewable energy. The total now raised by the company is $19 million in debt and equity.

What do they plan to do with it? The idea is to enhance the product with a new dashboard to attract more financial institutions as customers. Traders and insurers will be able to compare the future quarterly cash flows of renewable energy operators and risk them to weather catastrophes on the new interface.

What's the context? “LandGate is at the intersection of climate tech and proptech,” said LandGate CEO and Co-Founder Yoann Hispa. “This investment from NextEra Energy Resources and Kimmeridge opens a new relationship for the wider deployment of our technology and disruptive business model, building upon our initial momentum from a Series A investment from Rice Investment Group. We are now poised to continue our mission to empower every capital allocator, developer, real estate agent, and landowner to properly value and exchange land resources, bringing greater efficiency to this critical market.”

May 17, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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