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- QuintoAndar
QuintoAndar Valuation, Funding & Investors
QuintoAndar is valued at $5.1B as of August 2021.
Last QuintoAndar valuation
$5.1B
Series E · Aug 2021
Last QuintoAndar funding round
$120M
Series E · Aug 2021
Cumulative funding QuintoAndar raised
$756M
across 6 funding rounds
Key investors in QuintoAndar
Kaszek
Qualcomm Ventures
SoftBank Group
General Atlantic
Dragoneer
Tencent
About QuintoAndar
QuintoAndar is a São Paulo-headquartered proptech platform that streamlines residential real estate rentals in Brazil. Launched in February 2013, it connects landlords and tenants with digital tools for property listings, virtual tours, contracts, and payments, eliminating bureaucracy. The company manages thousands of properties across major cities, employing best practices in user-centric design.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$5.1B (Aug 2021)
QuintoAndar Valuation
QuintoAndar is currently valued at $5.1B, based on its Series E in August 2021.
The $120M round was led by Greenoaks and Tencent.
QuintoAndar's valuation has grown 18x from $291M at its Series C in November 2018 to $5.1B in August 2021, across 4 priced rounds.
QuintoAndar valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series E | $5.1B |
| May 2021 | Series E | $4B |
| Sep 2019 | Series D | $1B |
| Nov 2018 | Series C | $291M |
QuintoAndar Funding History
QuintoAndar has raised a total of $756M across 6 funding rounds.
QuintoAndar's first fundraising round was a $7M Series A in February 2016. The most recent completed round was a $120M Series E in August 2021.
QuintoAndar funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series E | Greenoaks (lead); Tencent (lead) | $120M | $5.1B | QuintoAndar is a Brazilian proptech company founded in 2012 that operates an online platform connecting tenants to landlords and buyers to sellers, offering end-to-end real estate services including mortgages, insurance, and escrow. The company expanded rapidly in 2021, managing over 120,000 rental properties across 40 cities in Brazil, facilitating 200,000 monthly apartment visits, and handling over $9.26 billion in assets under management. It acquired Atta Franchising for mortgage services and planned entry into Mexico. In August 2021, QuintoAndar raised $120 million in an extension to its Series E round, co-led by Greenoaks Capital and Tencent, with participation from existing investors, bringing the total Series E to $420 million and cumulative funding to over $755 million. This extension valued the company at a **$5.1 billion post-money valuation**, up from $4 billion in the initial $300 million Series E tranche led by Ribbit Capital in May 2021. Previous rounds included a $250 million Series D led by SoftBank in 2019. The funding supported accelerated growth, acquisitions, and expansion amid overachievement on forecasts, with investors like Greenoaks providing perpetual capital. QuintoAndar employed over 2,000 people and aimed to reshape Brazil's real estate market by enhancing transparency and simplifying transactions. |
| May 2021 | Series E | Ribbit Capital (lead); Alta Park Capital; Dragoneer; Qualcomm Ventures; LTS Investments; SoftBank Group; Kaszek; Maverick Capital; Kevin Efrusy | $300M | $4B | QuintoAndar is a São Paulo-based Brazilian proptech company that developed a real estate marketplace focused on rentals and sales. The company announced a $300 million Series E funding round on May 27, 2021, led by Silicon Valley-based Ribbit Capital, valuing the company at $4 billion post-money. This valuation represented a four-fold increase from the company's September 2019 Series D round at $1 billion valuation. The Series E round included participation from SoftBank's Latin America-focused Innovation Fund, LTS Investments, Maverick Capital, Alta Park Capital, Kaszek Ventures, Dragoneer Investment Group, Kevin Efrusy (Accel partner), and an undisclosed U.S.-based asset manager with over $2 trillion in assets under management. The funding brought QuintoAndar's total capital raised since its 2013 inception to $635 million. Ribbit Capital, known for backing fintech companies like Coinbase, Robinhood, and Credit Karma, cited confidence in QuintoAndar's plans to evolve beyond its current rental and sales marketplace into a comprehensive real estate platform offering mortgage, title insurance, and escrow services. The company intended to deploy proceeds toward product and technology development and hiring senior talent globally to support its expansion strategy. |
| Sep 2019 | Series D | SoftBank Group (lead); Dragoneer; Kaszek; General Atlantic | $250M | $1B | QuintoAndar is a Brazilian proptech company operating a digital real estate marketplace focused on rentals and sales, eliminating traditional brokers by offering fully online transactions, rent guarantees, and streamlined processes. The platform manages rentals across over 40 cities in Brazil and has expanded into sales in major cities like São Paulo, Rio de Janeiro, Belo Horizonte, and Porto Alegre. In September 2019, QuintoAndar raised $250 million in its Series D round led by SoftBank, with participation from investors including Dragoneer Investment Group, General Atlantic, and Kaszek, bringing total funding at the time to around $635 million by later rounds. The company generates revenue through the first month's rent as a broker fee and an 8% monthly fee from property owners on rent collected. A May 2019 Series D pitch deck shows projections including R$138 million gross revenue for 2019 under the current plan (Series C proforma) and R$153 million under a new accelerated plan, with ambitions to reach R$2.5 billion by 2023 through higher growth, B2B initiatives, and new features. By 2021, the company managed over 100,000 rentals, added 10,000 new rentals monthly, and achieved over 8,000 annualized sales transactions, growing 50-100% quarterly. Assets under management later exceeded $50 billion with over 175,000 active rental contracts. Subsequent rounds like the May 2021 Series E at $4 billion and later at $5.1 billion indicate significant uplift. The company prioritized growth over profitability with favorable unit economics in key markets like São Paulo funding expansion. |
| Nov 2018 | Series C | General Atlantic (lead); Qualcomm Ventures; Kaszek; QED Investors; Ruane, Cunniff & Goldfarb | $66M | $291M | QuintoAndar is a Brazilian proptech startup founded in 2012-2013 that operates an innovative digital platform for long-term apartment rentals, addressing pain points in Brazil's fragmented, offline rental market by handling rentals directly, payments, and offering flexibility with less bureaucracy. It differentiates from listing platforms by acting as the intermediary entity renting to tenants, similar to models like NestAway in India. By late 2018, it operated in cities including São Paulo, Campinas, Rio de Janeiro, Belo Horizonte, Brasília, and Goiânia, with 600 employees, over 100,000 properties listed across 40 cities in later expansions, and plans for southern Brazil like Porto Alegre and Curitiba. On November 27, 2018, QuintoAndar raised R$250 million (approximately US$64 million) in a Series C round led by General Atlantic, with participation from existing investors Kaszek Ventures, QED Investors, Qualcomm Ventures, and Ruane, Cunniff & Goldfarb. This brought total funding to about $95 million (R$367 million). The funds were earmarked to accelerate expansion, consolidate operations in existing cities, enter new urban areas, and build partnerships with real estate agencies to offer its streamlined renting experience to landlords and tenants. General Atlantic highlighted QuintoAndar's unique efficiency in a large, fast-growing market and its management team's ability to lead rental process changes in Brazil. The round aligned with surging VC investment in Latin America, particularly Brazil, where 2018 saw record funding in fintech, marketplaces, and proptech amid a wave of mega rounds creating unicorns like Nubank and Rappi. QuintoAndar followed prior rounds including a $12.6 million one led by Acacia Partners with Kaszek. The company later achieved unicorn status in its September 2019 Series D with $250 million from SoftBank (leading), Dragoneer, Kaszek, and General Atlantic at a $1 billion post-money valuation, and raised more in Series E (e.g., $300 million at $4 billion valuation). By 2020, it added brokerage, mortgage, title, insurance, and escrow services, expanding to Latin America including Mexico, with total funding reaching $635 million. |
| Dec 2016 | Series B | Qualcomm Ventures; Acacia Capital Partners | $13M | - | QuintoAndar is a São Paulo-based apartment rental marketplace offering a self-service, end-to-end online experience for renting apartments, including search, inspections with certified agents, rent negotiations, tenancy signing, deposits, and property management via mobile app. The company operates in the greater São Paulo area and plans to expand to five major Brazilian cities. In December 2016, QuintoAndar raised $12.6 million (R$42 million) in a Series B round led by NYC-based Acacia Partners, with participation from Qualcomm Ventures and existing investor Kaszek Ventures, bringing total funding to $20 million. The funds support expanding the technology team and nationwide growth. QuintoAndar achieved 25% month-over-month growth since November 2015 with minimal marketing investment, driven by product enhancements and word-of-mouth, leading to over 10,000 apartment visits in November 2016. |
| Feb 2016 | Series A | Kaszek (lead); Latitud; GE32 Capital | $7M | - | QuintoAndar raised $7.7 million in its Series A round in February 2016, led by Kaszek Ventures, with participation from Brian Requarth and GE32 Capital. The funding supported the early-stage proptech company operating an end-to-end digital platform for apartment rentals in São Paulo, Brazil, eliminating bureaucracy like guarantor requirements and providing rental insurance. This round brought total funding to approximately $20 million by the subsequent Series B in December 2016. |
Who has invested in QuintoAndar?
17 investors have backed QuintoAndar across its funding rounds, including Kaszek, Qualcomm Ventures, SoftBank Group, General Atlantic, Dragoneer and Tencent.
Lead investors include Greenoaks, Tencent, Ribbit Capital, SoftBank Group, General Atlantic and 1 other investor.
QuintoAndar Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2016 | ||
| 3 | Participant | Dec 2016 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Lead | Sep 2019 | ||
| 2 | Lead | Nov 2018 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2016 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Feb 2016 | ||
| 1 | Participant | May 2021 | ||
This data is available for Pro users. Sign up to see all 17 QuintoAndar investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by QuintoAndar
QuintoAndar has acquired 5 companies to date.
Last acquisition by QuintoAndar was on March 3rd 2022. QuintoAndar acquired Noknox for undisclosed valuation.
Latest Acquisitions by QuintoAndar
| Description | Noknox provides a resident platform for multifamily buildings and condos in Brazil, integrating communications, IoT devices, and e-commerce for daily living. The service digitizes routines and facility sharing using engagement data. Founded in 2018, Noknox operates as Brazil's first such platform. | Navent’s real estate operations comprise a regional network of property advertising portals and software businesses serving Latin American housing markets. The business connects people seeking homes with real estate agencies, brokers and property listings across several countries. Its brands include Zonaprop in Argentina, Imovelweb and Wimoveis in Brazil, Plusvalia in Ecuador and Compreoalquile in Panama. Adondevivir and Urbania serve Peru, while Inmuebles24 operates in Mexico. The acquired perimeter also includes Union Softwares and Tokko Broker, which provide software tools for real estate professionals. This record represents the real estate businesses acquired by QuintoAndar in December 2021, rather than the former Navent group’s employment portals. No separate consolidated website is assigned because the acquired businesses operate through their individual brands. | Velo is a São Paulo-based fintech platform offering leasing solutions for vehicles and equipment without guarantors or lengthy approvals. It provides instant credit decisions via API integrations for dealers and fleets. Targeting Brazil's SMBs, Velo processes contracts digitally. Founded in 2021, it partners with banks like Itaú for funding. | ATTA is a Ho Chi Minh City-based fintech provider serving Vietnam's real estate sector. It offers short-term loans, payment processing, and escrow services to developers, brokers, and buyers. Operating since 2018, ATTA processes transactions worth billions of VND annually through its digital platform integrated with property listing sites. | |
| HQ Country | |||||
| HQ City | São Paulo | Buenos Aires | Blumenau | São Paulo | |
| Deal Date | 3 Mar 2022 | 23 Dec 2021 | 8 Dec 2021 | 3 Aug 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all QuintoAndar acquisitions and their M&A valuation multiples. Start Free Trial | |||||
QuintoAndar Competitors
QuintoAndar competitors include listed companies like Zillow, CoStar Group, KE Holdings and Vend Marketplaces, and private ones like Ziroom and ZigBang.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $6.6B | - | ||
| Publicly listed | $2.6B | $315M | $6.8B | 2.3x | ||
| Publicly listed | $3.2B | $183M | $12B | 3.3x | ||
| Private | $80M | - | $2B | 25.4x | ||
| Publicly listed | $14B | $734M | $18B | 1.0x | ||
| Publicly listed | $673M | $19M | $5.1B | 7.1x |
QuintoAndar Public Comps
QuintoAndar is still privately-owned, but its public comps include Vend Marketplaces, Autotrader Group, Rightmove, AUTO1 Group, Kakaku.com, Frontdoor, RBR Desenvolvimento, Colliers International, MakeMyTrip and FirstService.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $673M | $19M | 7.3x | 7.1x | 252.4x | 19.2x | |||
| $838M | $558M | 6.5x | 6.4x | 9.8x | 9.7x | |||
| $571M | $397M | 8.5x | 8.2x | 12.3x | 11.7x | |||
| $9.4B | $199M | 0.6x | 0.5x | 29.9x | 21.1x | |||
| $605M | $175M | 7.5x | 7.0x | 26.1x | 22.2x | |||
| $2.1B | $484M | 2.9x | 2.8x | 12.5x | 10.4x | |||
| $307K | - | 15340.5x | - | - | - | |||
| $5.6B | $643M | 1.6x | 1.5x | 14.0x | 11.1x | |||
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Common questions about QuintoAndar
| When was QuintoAndar founded? | QuintoAndar was founded in 2012. |
| Where is QuintoAndar headquartered? | QuintoAndar is headquartered in São Paulo, Brazil. |
| Is QuintoAndar publicly listed? | No, QuintoAndar is a private, VC-backed company. |
| What is QuintoAndar's valuation? | QuintoAndar was last valued at $5.1B in its Series E in August 2021. |
| How much funding has QuintoAndar raised? | QuintoAndar has raised $756M across 6 funding rounds. |
| What was QuintoAndar's last funding round? | QuintoAndar's last funding round was a $120M Series E in August 2021, led by Greenoaks and Tencent. |
| Who are QuintoAndar's investors? | QuintoAndar's investors include Kaszek, Qualcomm Ventures, Dragoneer, SoftBank Group, General Atlantic, Alta Park Capital, Greenoaks, LTS Investments, Latitud, Tencent and 7 others. |
| Which companies are comparable to QuintoAndar? | Companies comparable to QuintoAndar include Ziroom, Zillow, CoStar Group, ZigBang, KE Holdings and Vend Marketplaces. |
| How many companies has QuintoAndar acquired? | QuintoAndar has acquired 5 companies, including Noknox, Navent real estate operations, Velo, ATTA and Casa Mineira. |
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