Funding round
QuintoAndar Series B
QuintoAndar, which works in digital real estate marketplace services in São Paulo, raised $13M in a Series B round announced on 12 Dec 2016, led by Acacia Partners and Qualcomm Ventures. 3 firms took part, 1 of them already investors. It is QuintoAndar's first venture round on record.
$13M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
QuintoAndar did not disclose a valuation in this round. It is QuintoAndar's first venture round on record, 4 years after it was founded in 2012. It is 2.0% of the $627M QuintoAndar has raised in the venture rounds on record. QuintoAndar raised again 23 months later: a Series C round of $64M in Nov 2018. Its next priced round, a Series D in Sep 2019, valued it at $1.00B.
QuintoAndar's funding rounds
QuintoAndar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Acacia Partners and Qualcomm Ventures led the round with 1 other firm. Kaszek had backed QuintoAndar before.
Lead investors
- new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
Also in the round
- Kaszek backs 85 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Series B rounds in Real Estate - Agents & Managers within a year either side disclosed an amount; the median was $12M, and this round was close to the median. The closest in time, other companies' Series B rounds in Real Estate - Agents & Managers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate - Agents & Managers | 9 Dec 2016 | $7.5M | not disclosed | Piton Capital and BPI |
| Real Estate - Agents & Managers | 16 Aug 2016 | $12M | not disclosed | Reinventure |
| Real Estate - Agents & Managers | 16 May 2017 | $19M | not disclosed | Daily Mail and General Trust |
| Real Estate - Agents & Managers | 17 May 2017 | $12M | not disclosed | Octopus Ventures |
| Real Estate - Agents & Managers | 15 Aug 2017 | $40M | not disclosed | Menlo Ventures |
Questions
Frequently asked
How much did QuintoAndar raise in its Series B round?
QuintoAndar raised $13M in its Series B round, announced in Dec 2016.
Who led QuintoAndar's Series B round?
Acacia Partners and Qualcomm Ventures led it, with Kaszek.
What was QuintoAndar's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Real Estate - Agents & Managers?
5 Series B rounds in Real Estate - Agents & Managers within a year either side disclosed an amount; the median was $12M, and this round was close to the median.
Did QuintoAndar raise again after this round?
Yes: a Series C round in Nov 2018 of $64M.