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Habi, a startup that emerged in 2019 to digitize the process of buying and selling homes in Colombia, became the second unicorn in Colombia this week. Rappi was the first to gain this status in 2018.

The company was founded by Colombian Sebastian Noguera and American Brin McNulty. According to a video that Xabi highlights on his website, Nogera previously co-founded the online supermarket Merqueo, while McNulty worked in real estate in the United States and came to LatAm after marrying a Colombian.

The startup model is two-sided. For those who want to sell properties, Xabi buys them expeditiously, within 10 days. And for those who want to buy, Habi offers real estate, helping them get a mortgage loan.

The company operates in more than 15 cities in Colombia and Mexico, the country where last January they bought real estate sites Properties.com and Your Canton.

Brynne McNulty and Sebastián Noguera, co-financiers of Habi. (Photo: Xabi)

According to a press release, the investment round in which Xabi exceeded $ 1,000 million in valuation (criteria to be considered a unicorn) is a $ 200 million round led by Homebrew and SoftBank Latin American. Also participating were Banco Mercantil del Norte SA, the Banca Multiple Institution, Grupo Financiero Banorte, Tiger Global Management, Inspired Capital, Clocktower Technology Ventures, Endeavor Catalyst and Henry Kravis.

According to Wall Street JournalHabi is part of a hot trend in venture capital investment: betting on start-ups in real estate. They said the sector was one of the most popular in the United States last year.

You may also be interested in: The complete list of Latin American unicorns [2022]


After raising US$200 million, Habi, a Colombian proptech, achieves unicorn status

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