Chile-based Houm raises $35M in Series A funding
Chile-based Houm announced on Thursday that it raised $35 million in its Series A round led by Goodwater Capital. The round also saw participation from Fifth Wall OneVC, Elad Gil, Liu Jang. Fen Ventures, Broadhaven and Rahul Mehta.
The startup plans to use the capital raised for geographical expansion and talent acquisition.
Houm CEO and co-founder Benjamin Labra claimed that Houm’s end goal is to “become the leading digital brokerage” He added, “Ninety-five percent of our properties are leased in 30 days or less, and our freelance force, the Houmers, allow us to show properties every six minutes every day.”
Founded by Labra and Nicolás Knockaert, Houm offers an online service that helps homeowners rent and sell properties “up to 10 times faster.”
“Houm is the only and biggest proptech in the Spanish-speaking LatAm doing rentals, sales and property management,” Labra said. “Because there is no MLS and no exclusivity in the real estate industry in LatAm, having its huge freelance force in the ground allows Houm to be faster and win the deals.”
Commenting on the investment, Goodwater Capital partner Hatim Khety said, “With Houm’s seamless search experience and digital closing process, the company is pioneering a consumer experience that is significantly better than the status quo,” he wrote via email. “Landlords similarly love Houm’s end-to-end technology platform for pricing, listing, and managing their properties, driving shorter vacancies and greater rental income. We are thrilled to be partnering with Benjamín and the entire Houm team on their journey to increase housing accessibility across Latin America.”
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