Mexico-Based Flat.MX Raises $20 Million in Start-up Funding
Flat.MX, a startup based in Mexico, recently announced it had secured $20 million in venture capital funding. The company, founded in 2019 by CEO Antonio Zevedo, is a rental aggregation platform that makes it easier for customers to search and book vacation rentals from multiple providers. This funding will help Flat.MX expand its operations as it plans to become the largest provider of vacation rental properties in Latin America.
Flat.MX has raised $21.7 million to date, with its latest investment round led by Global Founders Capital. This investment round also saw participation from existing investors, including Endeavor Catalyst, Advent International, CS Venture, and Monashees. With this new capital injection, Antonio Zevedo has indicated that the company plans to expand its presence in other parts of the Latin America market, including Brazil and Argentina.
Antonio Zevedo, CEO of Flat.MX, commented on the new funding:
“We’re delighted to have the support of a great group of investors, who believe in our vision and ability to consolidate the rental industry in Latin America. This funding will be used to continue the expansion of our operations and fuel our mission to become the largest and most comprehensive provider of rental properties in the region.”
Flat.MX recently announced a partnership with IHG as part of its strategy to establish an extensive, market-wide presence. This agreement will allow IHG properties to join Flat.MX’s extensive network, offering customers an even larger selection of options.
This round of investments will also be used to continue the development of Flat.MX’s technology platform and improve the consumer experience. The company is currently focused on partnering with high-quality, local providers that specialize in the long-term rental market, allowing customers to book through a single, easy-to-use platform.
Conclusion
Flat.MX, a Mexico-based rental aggregation platform, recently secured $20 million in venture capital funding, led by Global Founders Capital. This investment will be used to expand the company’s operations and become the largest provider of vacation rental properties in Latin America. Flat.MX has already established a partnership with IHG, further enhancing its capabilities and making its platform more accessible, efficient, and convenient for customers.
FAQs
Q: What is Flat.MX?
A: Flat.MX is a rental aggregation platform based in Mexico that makes it easier for customers to search and book vacation rentals from multiple providers.
Q: How much funding has Flat.MX raised to date?
A: Flat.MX has raised $21.7 million to date.
Q: What is Flat.MX’s expansion strategy?
A: Flat.MX is planning to expand its operations across Latin America, including in Brazil and Argentina. The company is also focused on partnering with high-quality, local providers that specialize in the long-term rental market.