Real estate start-up Houm, which specializes in the residential rentals market in Chile, Colombia and Mexico, has raised a seed round of $8 million US.

Investors include Y Combinator, Goodwater Ventures, OneVC, Vast VC, Liquid2 and Myelin, according to TechCrunch.

Houm is a Quinto-Andar-like rental marketplace, which handles all the renting process entirely online, with no guarantor.

Generally speaking, a guarantor with no pending mortgages would offer his or her assets as collateral to guarantee a rental for another individual in Latin America.

The company, which is based out of Santiago, Chile, has about 200 employees.

It will use the proceeds to expand within the region, TechCrunch said.

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