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Casai Raises $48 Million, Mexico's Largest Series A, to Build a New Kind of Hospitality Brand
10/14/20, 12:10 PM
Location
mexico city
Money raised
$48 million
Round Type
series a
Casai, an emerging markets hospitality brand that offers beautiful and intelligent living spaces suited for the nomadic generation, today announces a $48 million Series A including $23 million in equity funding and up to $25 million in debt financing from TriplePoint Capital. The round is the largest Series A raised by a company in Mexico today and one of the largest in Latin America. Led by Andreessen Horowitz, the equity funding includes participating investors Andreessen Horowitz’s Cultural Leadership Fund, Kaszek Ventures, Monashees Capital, Global Founders Capital, Liquid 2 Ventures, Tom Stafford (managing partner of DST Global), and founders of leading startups including Nova Credit, Loft, Kavak, and Runa. The new capital follows Casai’s $5 million seed funding led by Kaszek Ventures and Monashees, bringing Casai to a total of $53 million raised.
Company Info
Location
mexico city, mexico city, mexico
Additional Info
Casai is an emerging markets hospitality brand that offers beautiful and intelligent living spaces suited for the nomadic generation. Whether you stay for a while or stay for the weekend, each apartment meets a high standard of excellence with luxurious amenities, stunning locally-sourced design and sophisticated smart technology. Every Casai has keyless check-in, a Google Home, Chromecast-powered TVs, high-speed WiFi, and more that can all be controlled from the Casai app. At the Casai lounge, guests can rest before check-in and after check-out, take work meetings and speak with an all-day concierge, who can provide recommendations and help book reservations for local experiences. Casai currently has nearly 200 spaces in Mexico City with headquarters in Mexico City and offices in São Paulo. Founded by tech, design and hospitality veterans, Casai has raised the largest Series A in Mexico today and is backed by Andreessen Horowitz, Andreessen Horowitz’s Cultural Leadership Fund, Kaszek Ventures, Monashees Capital, Global Founders Capital, Liquid 2 Ventures, TriplePoint Capital, Tom Stafford (managing partner of DST Global), and founders of leading startups including Nova Credit, Loft, Kavak, and Runa. To learn more, visit casai.com and download the app for iPhone and Android.
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