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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.

Sao pauloRio de janeiroEstado do rioUnited statesKevin efrusyPorto alegreNick huberGabriel bragaBelho horizonteSoftbank innovation fundMbas at stanford universityLatin americaValley based ribbit capitalLatam focused innovation fundYalta parkKaszek ventures