Wilson Sonsini Advises Habi on $200 Million Series C
- Client Highlights
On May 11, 2022, Habi, a data-driven residential real estate platform, announced that it had raised $200 million in equity in its Series C funding round, becoming the first Property Technology (PropTech) unicorn in Spanish-speaking Latin America. The company’s Series C also represents the largest funding round and only unicorn valuation with a female founder and CEO in Latin America. The funding round was led by Homebrew and SoftBank Latin America Funds, with participation from Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte, Tiger Global, Inspired Capital, Clocktower Ventures, Endeavor Catalyst, and Henry Kravis, among others. Wilson Sonsini Goodrich & Rosati advised Habi on the transaction.
Habi empowers low- and middle-income consumers in the housing sector by providing access to liquidity and information in a market where data is limited and the majority of homes are not listed online. Habi plans to use the capital raised in the funding round to continue to expand its geographic presence on a path to cover all major cities across Spanish-speaking Latin America and deepen its suite of offerings, with a focus on embedded financial services.
The Wilson Sonsini team that advised Habi on the transaction included partners Matt Squires (head of the firm’s Latin America practice) and Jeff Saper, and associates Peter Bratton and Kiri Yoshimura.
For more information, please see Habi’s press release.