Funding round
QuintoAndar Series C
QuintoAndar, which works in digital real estate marketplace services in São Paulo, raised $64M in a Series C round announced on 27 Nov 2018, led by General Atlantic. 5 firms took part, 5 of them already investors. It is QuintoAndar's second venture round on record; the one before was a Series B in Dec 2016.
$64M
Amount raised
250,000,000 BRL converted
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
QuintoAndar did not disclose a valuation in this round. It came 23 months after QuintoAndar's Series B. It is 10% of the $627M QuintoAndar has raised in the venture rounds on record. QuintoAndar raised again 10 months later: a Series D round of $250M in Sep 2019, at $1.00B post-money.
QuintoAndar's funding rounds
QuintoAndar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
General Atlantic led the round with 4 other firms. General Atlantic, Kaszek, Ruane, Cunniff & Goldfarb and Qualcomm Ventures and 1 more had backed QuintoAndar before.
Lead investor
- General Atlantic backs 134 venture-backed companies existing investor
Also in the round
- Kaszek backs 85 venture-backed companies existing investor
- Ruane, Cunniff & Goldfarb existing investor
- Qualcomm Ventures backs 140 venture-backed companies existing investor
- QED Investors backs 160 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Series C rounds in Real Estate - Agents & Managers within a year either side disclosed an amount; the median was $51M, and this round was 1.3 times the median. The closest in time, other companies' Series C rounds in Real Estate - Agents & Managers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Grupo QuintoAndar Real Estate - Agents & Managers | 1 Jan 2019 | $100M | not disclosed | not named |
| Real Estate - Agents & Managers | 12 Jun 2019 | $57M | not disclosed | Target Global and Israel Growth Partners |
| Real Estate - Agents & Managers | 5 Jun 2019 | $51M | $200M | General Atlantic |
| Real Estate - Agents & Managers | 18 Jan 2018 | $50M | not disclosed | Passport Capital |
| Real Estate - Agents & Managers | 8 Nov 2019 | $35M | not disclosed | Sapphire Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did QuintoAndar raise in its Series C round?
QuintoAndar raised $64M in its Series C round, announced in Nov 2018.
Who led QuintoAndar's Series C round?
General Atlantic led it, with Kaszek, Ruane, Cunniff & Goldfarb, Qualcomm Ventures and QED Investors.
What was QuintoAndar's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Real Estate - Agents & Managers?
5 Series C rounds in Real Estate - Agents & Managers within a year either side disclosed an amount; the median was $51M, and this round was 1.3 times the median.
Did QuintoAndar raise again after this round?
Yes: a Series D round in Sep 2019 of $250M at $1.00B post-money.