Housi Secures $10M Funding to Drive Global Expansion

Housi Secures $10M Funding to Drive Global Expansion

Brazilian startup Housi, known for its subscription-based living solution, has successfully raised $10 million in funding in a round led by Redpoint eventures and TM3 Capital. Açolab Ventures, the CVC leg of ArcelorMittal, also participated in the investment.

With these newly acquired funds, Housi aims to expand its presence globally, with initial focuses on the US and Portugal markets. Additionally, the company plans to establish a training center in Espírito Santo, Brazil.

Founder and CEO of Housi, Alexandre Frankel, expressed confidence in the expansion efforts, citing existing operations of Housi’s real estate developers and product/service partners in the US and Portugal, facilitating a smoother expansion process.

Founded in 2019, Housi operates a platform offering fully furnished apartments to clients through subscription models. With a portfolio encompassing over 500 buildings and 100,000 units, the company boasts a Gross Sales Value of $5 billion.

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