Colombian Proptech Habi Raises $75 Million USD In Additional Debt

Colombian Real estate venture Habi earlier this month announced the closing of several additional credit lines totaling $75 million led by US based TriplePoint Capital.

Habi will use these resources to continue to increase its capacity and continue growth. According to internal estimates, Habi expects these funds to generate thousands of annual purchases and sales and materially increase the current volume. The company’s business model transforms the sale of a home into an agile experience that can close in as few as 10 days. Through the use of data and technology, Habi manages to make an offer by visiting the property only once, reducing the sale time by several months in some cases.

Mark Kantt, Chief Financial Officer of Habi said of the announcement: “Accessing these debt lines, just one month after the closure of series C, reiterates the confidence that several of the most important financial institutions in the world have placed in Habi, and even more importantly, that they continue to bet on our region to improve the quality of life of millions of Latin Americans.”

Habi has raised more than $450 million USD of capital raised to date and continues to expand its operations. Among its plans, Habi will continue its geographical expansion, while broadening its portfolio of products and services.

“We will take advantage of these lines of financing to continue expanding the purchase of used housing, and continue to give our customers fast, simple and safe solutions when buying or selling their home. We are grateful that important equity funds and banks trust us and our mission, and that they see Habi as a solid and safe bet,” he said. Augusto Rengifo, Financial Vice President of Habi.

Photos courtesy Habi