Funding round
QuintoAndar Series D
QuintoAndar, which works in digital real estate marketplace services in São Paulo, raised $250M in a Series D round announced on 9 Sep 2019, led by SoftBank, at a $1.00B post-money valuation. 4 firms took part. It is QuintoAndar's third venture round on record; the one before was a Series C in Nov 2018.
$250M
Amount raised
$1.00B
Post-money valuation
$750M pre-money
4
Investors
1 lead
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced QuintoAndar at $1.00B after the new money. The $250M bought investors about 25% of the company. It came 10 months after QuintoAndar's Series C. It is 40% of the $627M QuintoAndar has raised in the venture rounds on record. QuintoAndar raised again 20 months later: a Series E round of $300M in May 2021, at $4.00B post-money.
QuintoAndar's funding rounds
QuintoAndar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank led the round with 3 other firms.
Lead investor
- SoftBank new investor
Also in the round
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- General Atlantic backs 134 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Real Estate - Agents & Managers, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate - Agents & Managers | 16 Apr 2020 | $30M | not disclosed | General Atlantic |
| Real Estate - Agents & Managers | 1 Nov 2018 | $145M | not disclosed | KKR |
| Automattic Tech Companies | 19 Sep 2019 | $300M | $3.00B | Salesforce Ventures |
| Clio Tech Companies | 4 Sep 2019 | $250M | not disclosed | Technology Crossover Ventures and JMI Equity |
| Automobile Dealers & Manufacturers | 3 Sep 2019 | $250M | not disclosed | CNH Industrial N.V. |
| Checkr Detectives & Investigation Services | 18 Sep 2019 | $160M | $2.20B | T. Rowe Price Associates, Inc. |
| Rebel Foods Tech Companies | 23 Sep 2019 | $125M | $525M | Sequoia Capital and Sequoia Capital India |
| Furniture Stores | 17 Sep 2019 | $110M | not disclosed | SoftBank |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did QuintoAndar raise in its Series D round?
QuintoAndar raised $250M in its Series D round, announced in Sep 2019.
Who led QuintoAndar's Series D round?
SoftBank led it, with Dragoneer Investment Group, General Atlantic and Kaszek.
What was QuintoAndar's valuation at the Series D round?
$1.00B post-money ($750M pre-money).
Did QuintoAndar raise again after this round?
Yes: a Series E round in May 2021 of $300M at $4.00B post-money.