Lamudi Raises €29M in Funding

lamudi-logoLamudi, a real estate network for the emerging markets, raised €29m (approx. $31.4m) in funding.

Backers included Asia Pacific Internet Group, which is a joint venture of Rocket Internet and Ooredoo; Holtzbrinck Ventures and current investor Tengelmann Ventures.

The company will use the funds to grow its operations across Latin America and Asia.

Launched in October 2013 by Managing Director Paul Philipp Hermann and Rocket Internet, Lamudi is a global real estate portal operating exclusively in the emerging markets offering sellers, buyers, landlords and renters a secure platform to find or list properties online.
It is currently active in nine countries across Asia and Latin America (Philippines, Indonesia, Bangladesh, Myanmar, Pakistan, Sri Lanka, Mexico, Colombia and Peru).
In February 2015, the company had raised €16m in funding to boost its Latin American and Asian operations and Asian operations.




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