Mudafy Raises 10 Million Dollars in Founders Fund-Led Series A to Improve Latin America’s Real Estate Process

Latin America’s Real Estate Market Gets a Boost with Tech-Enabled Brokerage

In a significant development for the Latin American real estate market, Mudafy, a tech-enabled brokerage operating in Argentina and Mexico, has raised $10 million in a Series A funding round led by San Francisco-based Founders Fund. This investment brings the total amount of capital raised by Mudafy to $13 million.

A Growing Presence in Latin America

Mudafy was founded in mid-2019 with a mission to revolutionize the real estate industry in Latin America. The company operates on a digital brokerage model, aiming to make it easier for people to buy and sell their homes. With over 50,000 listings and more than 1 million monthly unique active users in Argentina and Mexico, Mudafy has established itself as a leading player in the region.

A Strong Revenue Model

Mudafy’s revenue model is based on a success fee or commission, which is charged when a property is sold. The company also generates revenue by originating mortgage loans for its customers. With its new capital, Mudafy plans to expand its operations into more cities in Mexico and explore other Latin American markets such as Colombia, Peru, and Chile.

A Product-Centric Approach

Mudafy’s CEO and co-founder, Franco Forte, believes that the company’s product-centric approach sets it apart from competitors. "We’ve rebuilt the entire experience by rebuilding the entire service stack," he said in an interview with TechCrunch. This includes features such as online property listings, virtual tours, and a user-friendly interface.

A Growing Market

The Latin American real estate market is growing rapidly, driven by increasing demand for housing and commercial space. According to a report by JLL, the region’s real estate market is expected to reach $1.3 trillion by 2025. This presents a significant opportunity for companies like Mudafy to capitalize on the growth and provide innovative solutions to meet the needs of consumers.

A Strong Team

Mudafy has assembled a strong team of experienced professionals who are well-versed in the real estate industry. The company’s leadership team includes Forte, who has extensive experience in the tech industry, and other seasoned executives who have worked with top companies in Latin America.

Investor Confidence

The $10 million investment by Founders Fund is a testament to the confidence investors have in Mudafy’s vision and execution capabilities. "We’re thrilled to be leading this round of funding for Mudafy," said a spokesperson for Founders Fund. "The company has made significant progress in its mission to revolutionize the real estate industry in Latin America, and we believe it has tremendous potential for growth."

A Bright Future Ahead

With its new capital and growing presence in the market, Mudafy is poised to continue its rapid expansion in Latin America. The company’s innovative approach to real estate, combined with its strong team and revenue model, positions it well to capture a significant share of the growing market.

Key Statistics:

• $10 million raised in Series A funding round
• Total capital raised by Mudafy reaches $13 million
• Over 50,000 listings on platform
• More than 1 million monthly unique active users in Argentina and Mexico
• Growing presence in other Latin American markets such as Colombia, Peru, and Chile

Quotes:

"We’ve rebuilt the entire experience by rebuilding the entire service stack."

— Franco Forte, CEO and co-founder of Mudafy

"The company has made significant progress in its mission to revolutionize the real estate industry in Latin America, and we believe it has tremendous potential for growth."

— Spokesperson for Founders Fund