The proptech Habi closed a financing agreement with IDB Invest for up to 50 million dollars to fund a line of credit, in order to strengthen its operation in Latin America.
(Habi receives US$100 million in financing: this is how he will use the money.)
This is the largest investment that IDB, through IDB Invest, has made in a proptech company.
In this way, Habi is positioned as one of the technological platforms that has captured the most financial resources during the last twelve months in Latin America, accumulating close to US$500 million.
(Habi Tech becomes second unicorn in the country).
With this financing, IDB Invest hopes to contribute to reducing the housing deficit in the region through this financing, which will strengthen the liquidity and agility of secondary real estate markets with the help of technology.
Habi and VPC leaders.
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According to Sebastián Noguera, president and co-founder of Habi, “To date we have managed to positively impact the lives of more than 30,000 families in the region who have sold or bought their homes through our platform. Now, with the support of IDB Invest, we will continue working so that any Colombian who wants to sell or buy a home can do so in an agile and, above all, reliable and safe way» and added that «in Latin America, the process of buying or selling used housing clouded by the amount of time, paperwork and physical travel that people need to do, now our users find in Habi a much friendlier and more efficient alternative”.
(Habi, the startup that buys houses in 10 days).
In addition, the organizations are evaluating including measures to improve the efficiency of water and energy in the remodeled properties, such as the installation of electricity, the use of water heaters and the incorporation of thermal insulation in floors, walls and ceilings. additionally, Habi will develop procedures for waste management.
“IDB Invest is the largest multilateral development bank in Latin America, with a very clear objective of accompanying sustainable companies and projects. The support we are receiving from an institution of the caliber of IDB Invest reinforces our leadership and commitment to financial inclusion and ushers in a new era for proptechs in the region”, said Marcos Kantt, CFO of Habi.
PORTAOLIO