Mexican proptech Mudafy raises $10 million in Series A round

Oluwajuwonlo Afolabi -

Mudafy, a proptech startup based in Mexico has raised $10 million in its Series A round to enable real-estate brokering in Latin America.

  • The capital will be used to increase its annualized sales, expand to new cities in Mexico and enter new geographies in LatAm including Colombia, Peru, and Chile and hire new talents.
  • Mudafy is a real-estate dealing platform making it easier for people to buy and sell their homes in Latin America.
  • With over 20% month-on-month growth, more than $100 million in sold properties and a 10x increase in sales in 2021, the proptech intends to drive up its annualized sales to $500 million by the year-end.
  • Founders Fund based in San Francisco led the round with participation from IDC Ventures, bringing Mudafy's total raise to $13 million since launch.