Chilean real estate start-up Houm, which specializes in the residential rental market in Chile, Colombia, and Mexico, has raised a Series A round of $35 million U.S., a top executive said.
The investment round was led by Goodwater Capital. Fifth Wall and existing investors, OneVC, Elad Gil, Liu Jang, as well as Fen Ventures, Broadhaven, and Rahul Mehta also joined the Series A round.
The new funding comes just a few months after the company raised another $8 million seed investment.
“This fundraise is a landmark Series A, as we consolidate as the market leader in Spanish-speaking [Latin America], and shows how great the potential is for the region,” Benjamín Labra, co-founder and CEO at Houm, said in a LinkedIn post.
The executive also announced that Hatim Khety, a partner at Goodwater Capital, has also joined the company’s board as a director.
Other executives joining Houm’s board are Elad Gil and Liu Jiang, Labra said.
Houm is a Quinto-Andar-like rental marketplace, which handles the whole renting process entirely online, with no guarantor.
Typically, 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 will use the series A investment round to expand across the continent.