(Press Release) Argentina-based Properati, the Latin American online and mobile solution for the real estate market, announced it has received a US$2m investment from Neveq II, NXTP Labs, and Telor International Limited. With this new round the company has raised a total investment of US$4.2m since it was founded in February 2013 and plans to consolidate its regional presence in Mexico and Brazil.
The company will use these funds to expand and consolidate its regional presence in key markets like Mexico and Brazil, and to continue developing innovative solutions to help the Real Estate industry become more efficient in their sales processes.
Properati already has over 1 million properties published in Brazil and almost 2 million in LatAm, covering a significant area of the real estate market in those countries and the region, with an innovative business model where clients only pay for the qualified leads they receive, and users may browse an ad-free site.
Regarding the fund’s investment in Properati, Ariel Arrieta, NXTP Labs co-founder and CEO, stated that: “Properati’s product is the most efficient way for brokers and developers to generate qualified leads and convert them into sold inventory. Over the last 12 months the company has made a significant progress in markets like Brazil and Argentina, with a clear value proposition for its clients, and we are happy to support their next wave of expansion into Mexico and other Latin American markets”.
In addition, Properati has announced that Ariel Muslera will join the board of the company. Muslera is a specialist in fundraising and business strategy, and has extensive experience as advisor in different startups.