Aptuno Raises $5M to Change How Renting Homes Is Done in Latin America

Aptuno, a property management startup based in Colombia, has raised $5 million in seed funding to simplify the ranging process across Latin America.

The funding round was co-led by Dalus Capital and Kayyak Ventures, only 8 months after the closing of a $1.2 million seed funding round which counted with participation from Ventura Family Office, INCA VENTURES, and FJ Labs. Diego Serebrisky, Founding Managing Partner at Dalus Capital, referred to the firm’s participation in the round:

“Dalus is thrilled to welcome aptuno to Mexico City and support their expansion across the region. Aptuno is bringing groundbreaking tech and artificial intelligence to solve the headaches of property rentals across Latin America. We’re confident aptuno will improve the rental experience for landlords, tenants and brokers.”

Aptuno was founded in 2019 with the mission of reshaping the renting industry by reducing the burden of finding property and completing the rental process. The platform developed by the startup has proven to reduce the time it takes for closings to take place by 80% while also providing three times as many offerings to users. Cristina Palacios, co-founder and COO of Aptuno, said in this regard:

“Aptuno is building an end-to-end solution to make the rental process more efficient for tenants, landlords and brokerages alike. The addressable market for aptuno is only growing, and we intend to grow with it. We’re thrilled to have our investors’ support as we build the technology needed to make renting properties in Latin America more accessible.”

With more than 25 million households available for rent across Latin America, the demand for a simplified and effective renting platform has increased over the years, creating a vacuum that startups have been trying to fill by modernizing the renting process. Aptuno aims to fulfill this demand by expanding its platform to other countries in the Latin American market.