Lamudi Closes $18M Round of Funding

Lamudi-logoLamudi, a property portal for emerging markets, closed a $18m (€16m) round of funding.

Backers included Asia Pacific Internet Group, Holtzbrinck Ventures and Tengelmann Ventures.

The company, which had raised $7m in April 2014, intends to use the funds to expand operations worldwide.

Launched in October 2013, Lamudi allows individuals in the property market to find their home, land or commercial property via relevant information, and direct contact with developers, agents and landlords. It is present in 32 countries across Asia, Africa, the Middle East and Latin America.
The company is a part of the Rocket Internet family.



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