Home rentals

Aptuno Raises $ 5 Million Seed to Simplify Latin America Home Rentals, Attracts Global Investors

Led by Dalus Capital and Kayyak, the backers include the world’s leading proptech and real estate investors, in addition to growing investment in Latin American proptech start-ups.

Bogota – Colombia, December 9, 2021 / PRNewswire / – aptuno, a proptech company that is transforming the real estate rental market into Latin America, announced today that it has lifted $ 5.1 million in seed funding led by Capital Dalus and Kayyak ventures after lifting before $ 2 million from FJ Labs, former REA Group CEO Simon Baker, and other funders in a pre-seed round.

Aptuno is the next generation proptech company focused on revolutionizing the tedious process of renting properties through Latin America. With 80% faster closings for homeowners and brokerages, three times as many qualified listings to search each week as the closest competitor, and a two hour digital credit check, aptuno provides a fast digital process, transparent and digital for tenants and landlords, from research to signing.

Aptuno already operates the largest rental listings platform in Colombia, currently serving Bogotá and Medellín, and recently extended to Mexico. With this funding, aptuno will hire the best tech talent in the region to continue to develop its products and scale its operations throughout the region.

“Aptuno is building an end-to-end solution to make the leasing process more efficient for tenants, landlords and brokerages,” said Cristina Palacios, co-founder and COO of aptuno. “The addressable market for aptuno is only growing, and we intend to grow with it. We are delighted to have the support of our investors as we develop the technology necessary to make rental properties Latin America more accessible.”

“With this capital, aptuno will expand our fintech product line and machine learning capabilities to further harness the true potential of the rental property market in key markets across Latin America“said Alejandro Gómez de Greiff, co-founder and co-CEO of aptuno.” There are over 25 million homes for rent in the Spanish speaking region Latin America, mostly in the hands of individual landlords, but leasing remains a very cumbersome process for tenants, landlords and brokers. By simplifying the process with fast credit approvals for rental guarantee insurance, rental discount loans, 100% digital transaction, and technology-based property management services, our technology provides liquidity to the massive but historically inefficient single-family rental market. “

In addition to Dalus Capital and Kayyak Ventures, investors in the seed cycle include Amador Holdings, Salkantay companies, Shaun di Gregorio, CEO and founder of Digital border businesses, Tomás Uribe, Rodrigo Sanchez Rios, and Jerónimo Uribe, the founders and CEOs of La Haus; Michel lahyani, CEO of PropertyFinder, the largest real estate portal in Middle East; as well as donors based in the United States FJ Laboratories, SOMA Capital, and Jonathan wasserstrum, CEO of the leading commercial rental platform SquareFoot.

“Dalus is delighted to welcome aptuno to Mexico and support their expansion in the region, ”said Diego Serebrisky, founding managing partner at Dalus Capital. “Aptuno brings revolutionary technology and artificial intelligence to solve rental property problems through Latin America. We are confident that aptuno will improve the rental experience for landlords, tenants and brokers. “

“We strongly believe that aptuno will become the one stop shop for tenants, landlords and brokers. Latin America. Its unique acquisition strategy, data-driven technology and fintech product roadmap give the company a significant advantage in the information technology market, ”said Evelyn Von Bischhoffshausen, Partner at Kayyak Ventures. “We look forward to supporting aptuno in their mission to make leasing easier. and more efficient on all sides of the transaction. “

Rent houses in Latin America is difficult for everyone involved.

  • For tenants: The information in the advertisement is of poor quality and unreliable, and tenants may have difficulty finding co-signers who meet all of the requirements.

  • For landlords: Long periods of vacancy are common, as finding a suitable tenant with the necessary income and collateral takes months.

  • For brokerage houses: Information to show homes is also unreliable, and reliable tenants are difficult to find for landlords with vacant homes.

These obstacles make obtaining adequate housing in time and cost prohibitive for residents and limit the return on investment for owners. Aptuno hosts qualified and quantity rental listings to help tenants find homes while helping them sign leases earlier by providing the financial reassurance required by a market built on a lack of confidence.

Aptuno was founded by Alejandro Gómez de Greiff, Juan Martín Delgado and Brian Requarth end of 2019. Since then, Aptuno has grown to average more than 100 transactions per month, host 1,500 unique ads and has already closed 900 transactions in 2021, 11 times the transactions closed during the same period the previous year .

About aptuno
Aptuno’s mission is to provide liquidity to multi-billion residential real estate rentals by delivering a seamless end-to-end experience to an ever-growing set of digital-native tenants. The company was founded at the end of 2019, launched its first product in april 2020 and today operates in Bogotá, CDMX and Medellin with over 1,500 unique listings, making it the largest rental inventory in Colombia, with verified lists and transactional features. The Aptuno team operates from decentralized locations in the cities where it operates.

Cision

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SOURCE aptuno


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