Qualcomm-backed rental property portal Quintoandar is now valued at more than $1bn, after raising cash in a SoftBank-led series D round.

Internet and telecommunications conglomerate SoftBank has led a $250m series D round for Quintoandar, the Brazil-based operator of an online marketplace for rental properties, TechCrunch reported today.

The round also featured investment firm Dragoneer, growth equity firm General Atlantic and venture capital firm Kaszek Ventures, and it valued the company at more than $1bn, co-founder and CEO Gabriel Braga told TechCrunch.

Quintoandar runs an online platform where users can search for rental properties and book viewings.

The company oversees communication…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.