Uribe-Connected La Haus Raises Additional $50 Million USD, Jeff Bezos, Gabriel Gilinski, Maluma Among Investors
Real estate startup La Haus this past week raised a $50M Series F round from Acrew Capital, Renegade Partners, Greensprings Associates, and NFX, according to Tracxn. In addition, the company secured $50 million in debt funding. The round brings the company’s total Series B funding to $135 million
The firm says its funding expansion was driven by strong growth in Mexico, where transactions grew almost 10 times from Q2 2020 to Q2 2021. La Haus expects to achieve more than $1 billion in annualized gross sales by the end of the year. Selling more than 500 homes per month, La Haus claims it is the market leader in Spanish-speaking Latin America.
Also investing in this round are Jeff Bezos’ Bezos Expeditions, Endeavor Catalyst, Moore Strategic Ventures, Marc Benioff’s TIME Ventures, Rappi’s Simon Borrero, Maluma, and Gabriel Gilinski. Past investors also participating in this round include Greenspring Associates, Kaszek, NFX, Spencer Rascoff’s 75 & Sunny Ventures, Hadi Partovi and NuBank’s David Velez. Acrew Capital has also invested in past rounds.
La Haus was founded by Jerónimo Uribe, CEO; Rodrigo Sánchez-Ríos, president; Tomás Uribe, Chief Growth Officer; and Santiago Garcia, CTO. Jerónimo Uribe and Tomas Uribe met Sánchez-Ríos at Stanford University, and prior to La Haus they started and ran Jaguar Capital, a Colombian real estate development company with over $350 million of completed retail and residential projects. The Uribe brothers are sons of Colombia’s former President and current Senator Alvaro Uribe.
“We are so grateful that our international investors recognize the transformative impact La Haus is having on the unstructured residential markets of Latin America. We are tailoring our solutions specifically for the needs of Latam, bringing more transparency and higher productivity to the entire ecosystem,” said La Haus co-founder and President Rodrigo Sánchez-Ríos. “Today we are bringing the pride of quality home ownership to Latin Americans. Longer term, our vision is to change the social structure of all emerging markets, in Latin America and beyond.”
La Haus, active in Mexico and Colombia, claims partnerships with significant developers like Mexico-based Arquitectoma, GDC Desarrollos, CLASS, Punto Destino, Yukon, and Terraforma, who leverage La Haus’ platform and audience to enable online transactions.
“La Haus is building a solution specific to the issues of Latin America’s housing market — not importing solutions from the U.S.,” said Lauren Kolodny of Acrew Capital. “We were attracted to the team and the incredible opportunity ahead of La Haus. They have already become the number one platform in Mexico and Colombia, and this new capital will create a flywheel of supply and demand that will benefit both the business and society.”