Funding round
QuintoAndar Series E
QuintoAndar, which works in digital real estate marketplace services in São Paulo, raised $300M in a Series E round announced on 27 May 2021, led by Ribbit, at a $4.00B post-money valuation. 10 firms took part, with 1 individual investor. It is QuintoAndar's fourth venture round on record; the one before was a Series D in Sep 2019.
$300M
Amount raised
$4.00B
Post-money valuation
$3.70B pre-money
10
Investors
1 lead
4.0x
Step-up from the Series D
$1.00B in Sep 2019
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced QuintoAndar at $4.00B after the new money, 4.0 times the $1.00B of its Series D (Sep 2019). The $300M bought investors about 7.5% of the company. It came 20 months after QuintoAndar's Series D. It is 48% of the $627M QuintoAndar has raised in the venture rounds on record. No later venture round is on record for QuintoAndar.
QuintoAndar's funding rounds
QuintoAndar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Ribbit led the round with 9 other firms.
Lead investor
- Ribbit backs 126 venture-backed companies new investor
Also in the round
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- LTS new investor
- Maverik new investor
- Alta Park new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- Undisclosed US-based asset manager new investor
- Accel backs 581 venture-backed companies new investor
- SoftBank’s LatAm-focused Innovation Fund
Individual investors: Kevin Efrusy.
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 E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Grupo QuintoAndar Real Estate - Agents & Managers | 1 Jan 2021 | $300M | $5.10B | not named |
| Real Estate - Agents & Managers | 23 Nov 2021 | $210M | $1.00B | Tiger Global and General Atlantic |
| Contentsquare Tech Companies | 25 May 2021 | $500M | $2.80B | SoftBank Vision Fund |
| RigUp Tech Companies | 20 May 2021 | $300M | $2.90B | Baillie Gifford |
| Software Development Services | 20 May 2021 | $300M | $2.90B | Baillie Gifford |
| Industrial Machinery & Supplies | 19 May 2021 | $150M | $2.00B | SoftBank Vision Fund |
| Moglix Industrial Machinery & Supplies | 16 May 2021 | $120M | $1.00B | Falcon Edge Capital and Harvard Management Company |
| Medical Supply Manufacturers | 27 May 2021 | $104M | not disclosed | OrbiMed |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did QuintoAndar raise in its Series E round?
QuintoAndar raised $300M in its Series E round, announced in May 2021.
Who led QuintoAndar's Series E round?
Ribbit led it, with SoftBank Vision Fund, LTS, Maverik, Alta Park and Dragoneer Investment Group and 4 more.
What was QuintoAndar's valuation at the Series E round?
$4.00B post-money ($3.70B pre-money).