Lhoopa raises $80 million in a funding round co-led by IFC and Wavemaker Partners
Jul 16, 2024•over 1 year ago
Amount Raised
$80 Million
Investors
LendableUs International Development Finance CorporationAsian Development BankTekton VenturesPatamar CapitalRon HoseBlack Kite CapitalSteve MelhuishNata Rock Partners FundMirath InvestmentsConcentric Equity Partners10 X GroupPavilion CapitalWavemaker PartnersWorld Bank’s International Finance Corporation
Description
Lhoopa, a prop tech company focused on affordable housing in emerging markets, has raised $80 million in its latest funding round, with $20 million raised in equity. The round also facilitated the commitment of $60 million in debt facilities. The new capital will support its expansion within the Philippines and into other emerging markets, enhance its technology capabilities, and launch green housing options.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech