SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing – TechCrunch
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SoftBank deepens commitment to LatAm with two new partners focused on early-stage investing – TechCrunch
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Argentina based Fintech Ualá Secures $350M via Series D at $2 45B Valuation
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Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation
Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region.
Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion.
The round is notable for a few reasons. For one, the valuation – high by any standards but especially for a LatAm company – represents an increase of four times from when QuintoAndar raised a $250 million Series D in September 2019.