Colombian housing platform Home Capital raises $3 million in funding

Home Capital, a Colombia-based housing platform that digitizes the process of buying and selling homes, has raised $3 million in funding from Bancolombia's venture capital fund.

• Home Capital is a digital housing outlet that facilitates buying and selling of houses by automating the processes.
• The proptech offers cash payment, commission-free transactions, and up to three days for closing deals as benefits of selling and buying on its platform.
• Founded in 2015, Home Capital has facilitated over 600 transactions via its platform, it claims.
• The startup's business model is similar to that of Habi, a Colombian proptech that turned unicorn in May this year, after raising $200 million in funding.