Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Peruvian proptech Wynwood House raises $7 million to expand its services

Peruvian proptech start-up Wynwood House has successfully raised $7 million in a funding round led by FEN Ventures and Innogen Venture Capital. The round included both equity and debt financing. Founded in 2019 by Ignacio Masias, a former McKinsey executive with a strong family history in tourism, Wynwood House aims

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
Peruvian proptech Wynwood House raises $7 million to expand its services
Photo by Tierra Mallorca / Unsplash

Peruvian proptech start-up Wynwood House has successfully raised $7 million in a funding round led by FEN Ventures and Innogen Venture Capital. The round included both equity and debt financing.

Founded in 2019 by Ignacio Masias, a former McKinsey executive with a strong family history in tourism, Wynwood House aims to provide the perfect blend of the comfort and familiarity of staying at a friend's house with the luxury and quality of a five-star hotel.

The startup says it has managed to maintain an average occupancy rate of 80% in the last year and a half in the four countries where it operates. By offering a unique blend of comfort and luxury, Wynwood House says it is poised to become the go-to choice for travellers seeking high-quality accommodations.

Wynwood House manages more than 850 leased units (apartments leased under its brand) in four Latin American countries – Peru, Colombia, Mexico, and Panama. In addition, it has quadrupled its growth in the last twelve months and has surpassed 10,000 customers per month.

They have also launched a B2B segment called “Casa Wynwood”, which is a mix between a boutique hotel and a clubhouse. This segment represents more than 20% of its bookings, which considers longer stays.

Over the next 12 months, the proptech startup plans to grow from 850 units to 2,500 units, multiply its growth fivefold and expand beyond Latin America with the fresh funding.

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More