Colombia-based property analytics platform developer Habi has secured $100m in a series B round led by internet and telecommunications group SoftBank’s Latin America Fund.
The round was filled out by Inspired Capital, Tiger Global Management, Homebrew and 8VC, and it increased the startup’s overall funding to nearly $116m.
Founded in 2019, Habi uses proprietary pricing algorithms and scalable processes to help sellers estimate the value of their homes, and provides a database buyers can use to search for home listings. It will utilise the funding to boost growth in Colombia and expand its footprint to Mexico.
Shu Nyatta, managing partner at SoftBank’s Latin America Fund, said: “Habi has built an incredible platform that is shaping the future of proptech in Spanish-speaking Latin America.
“Utilising the information collected through its proprietary database, Habi is increasing liquidity in the market to create a better, more efficient residential ecosystem. We seek to invest in companies that are transforming the lives of those in the region and Habi is doing just that.”
Tiger Global Management, Homebrew and Zigg Capital co-led a $5.5m pre-seed round for the company in November 2019, investing alongside Reshape Holdings, FJ Labs, Supernode Ventures and undisclosed others.
Habi added $10m in an August 2020 series A round led by Inspired Capital that also featured Zigg Capital, 8VC, Clocktower Technology Ventures, Homebrew and Operator Partners.