TLDR:
- Manutara Ventures invested 300,000 dollars in the expansion of proptech BuildLovers to Latin America.
- The goal is to use Chile as a platform to expand throughout Latin America and even the U.S.
In a move to drive technological transformation in the construction industry, venture capital fund Manutara Ventures injected 300,000 dollars into startup BuildLovers in their latest funding round. The investment aims to boost the technological development of the proptech and kickstart its operations in Chile. The early-stage specialized vehicle invested half of the capital raised in the round. BuildLovers aims for greater autonomy through technology, initiating operations and sales growth in Chile and Spain, with potential expansion throughout Latin America and the United States from their Chilean base.
The startup’s CEO and Co-Founder, José Manuel Martínez, highlighted the focus on establishing a solid presence in Chile in the short term, with plans to consolidate their position in the Latin American market in the long term. The digital platform, already operating in Spain, has sold more than 20 homes and has over 75 projects in the pipeline. BuildLovers joins Manutara’s portfolio, which includes recognized startups such as Xepelin and OpenCasa.
The connection between Manutara Ventures and BuildLovers was established when the startup approached the venture capital fund. The fund saw a potential solution to the difficulty in acquiring homes at a reasonable price and within a suitable timeframe. The founding team of BuildLovers was highlighted as crucial to the investment decision, with a solid reputation for supporting innovative projects and visionary entrepreneurs.
