With backing from Tencent, the online real estate platform has pushed its series E round to $420m.
Brazil-based online real estate platform QuintoAndar has raised $120m in a series E extension co-led by internet company Tencent, according to TechCrunch.
Greenoaks Capital co-led the tranche, which also featured existing, unnamed backers. It valued the company at $5.1bn.
Founded in 2012, QuintoAndar operates an online platform connecting tenants to landlords, last year expanding to also connect buyers and sellers. It aims to evolve into a one-stop shop complete with title insurance, mortgage and escrow services.
The company has been…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
