Two Latin American marketplaces have raised over $1.4 million U.S. in funding, the AIM Group has learned.
Jooycar, a Chile-based automotive insurance company, raised $700,000 U.S. in venture funding from HCS Capital to help it expand into the U.S. market. The company offers telematics-based technology to help both individuals and companies manage cars and fleets.
Jooycar has raised a combined $3.9 million U.S. over three rounds, according to CrunchBase. It currently operates in Chile, Mexico and Peru.
Colombia-based rental marketplace Aptuno raised $680,000 U.S. in “pre-seed” capital from Magna Partners and other undisclosed angel investors. Aptuno is one of several marketplaces aiming to facilitate real estate rentals in Latin America. These companies are following the success of Brazilian unicorn QuintoAndar, which disrupted the rentals market when it launched its facilitation business earlier this year.
Aptuno plans to help users close rentals online. Colombia lacks a company that handles the rentals process end-to-end, according to Aptuno.
“The most recent tech advancement in the residential rentals space (in Colombia) was over ten years ago, when newspaper classified ads were taken online,” it said in a news release.
Leading real estate verticals in Columbia include Adevinta-owned FincaRaiz and El Tiempo’s MetroCuadrado. ICasas.com.co, MercadoLibre Inmuebles, formerly known as TuInmueble, Nuroa and Mitula are second-tier competitors.