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Latest Narval Capital News

Angel Ventures invests US$1.3M in Mexican proptech Homie

Oct 22, 2018

LatAm List – In a story brought to our attention by LAVCA , Mexican rental platform Homie has raised a US$1.3M Series A fund led by Angel Ventures , with support from Narval Capital and Plug and Play San Francisco . The platform works to make the rental process in Mexico more agile and less complex. Homie was founded in 2015 by Jordi Greenham and has been able to stand out in a very competitive by offering rapid payment options, legal protection, and options to rent without a guarantor. Currently, there are over five million properties being rented across Mexico. Homie administers 750 apartments, with plans to manage over 1000 by the end of the year. Said founder Jordi Greenham in the original press release : “The rental market in most parts of the world is a very fragmented market (a landlord owns a single apartment and one single client rents that property for a given time), which is characteristic of a market that can benefit from new technology. Our goal is to eliminate the frictions that make this industry so awkward and inefficient and we have managed to speed by the process of renting an apartment about eighteen-fold since we started.”

Narval Capital Investments

1 Investments

Narval Capital has made 1 investments. Their latest investment was in Homie as part of their Seed VC on October 10, 2018.

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Narval Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/17/2018

Seed VC

Homie

$1.3M

Yes

1

Date

10/17/2018

Round

Seed VC

Company

Homie

Amount

$1.3M

New?

Yes

Co-Investors

Sources

1

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