Business

Brazil has one more unicorn: QuintoAndar

A new round of investments, valued at $ 250 million and led by the Dragoneer fund, has been announced for the Brazilian startup

Quinto Andar Office in Brazil
  • This Tuesday (10), the company has announced that it has received a new round of investments valued at $ 250 million
  • The investment comes ten months after the company received $ 250 million from the American fund General Atlantic

The Brazilian startup market has one more unicorn: QuintoAndar, a startup specializing in home rentals. This Tuesday (10), the company has announced that it has received a new round of investments valued at $ 250 million and led by the Dragoneer fund, a fund with contributions to the likes of Uber and Nubank; and with contributions from SoftBank, the Japanese group that invested this year in startups such as Creditas, Rappi, Loggi, and Gympass.

According to O Estado de S.Paulo newspaper, QuintoAndar also confirmed that it has achieved unicorn status, although it does not cite the market valuation it is benchmarking. In March of this year, the company was named a potential unicorn by District Innovation Consultancy. Earlier, in February, CB Insights had done the same. 

The investment comes ten months after the company received $ 250 million from the American fund General Atlantic, which also participated in this round.