- Colombian real estate startup Habi receives $30 million in debt financing.
- IFC and Victory Park Capital provide the funding, marking IFC’s first foray into Latin American proptech finance.
- The funds will be used to expand services in Mexico and Colombia, focusing on immediate home purchases and credit offerings.
Founded in 2019, Colombian startup Habi has quickly become a major player in the real estate sector, now generating 60% of its revenue from Mexico.
The company’s online platform streamlines the buying and selling of properties and provides additional services like digital title assessments and third-party transaction facilitation. This latest financing round aims to support Habi’s ongoing expansion efforts in Mexico and Colombia.
The $30 million debt financing from the International Finance Corporation (IFC) and Victory Park Capital Advisors LLC marks a significant step for the IFC in its first investment in Latin American proptech. This move highlights Habi’s innovative approach in a sector facing a downturn in venture capital investment, which fell by 49.37% in 2023 across Latin America to a total of $4 billion.
According to Enter.co with this investment, Habi plans to extend its market reach and enhance its services, particularly in immediate home buying and offering financing solutions to buyers. The startup’s collaborative solutions with banking partners have been a key factor in its growth and ability to secure debt financing amidst a challenging economic climate.
Habi’s commitment to innovation and process improvement in the real estate sector continues to benefit over 50,000 families. The company operates in more than 15 cities across Colombia and Mexico, with ambitious plans to lead the transformation in the regional proptech industry.
This funding will enable Habi to strengthen its operations and expand its service offerings, maintaining its leadership in a rapidly evolving market landscape.
