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Lhoopa raises $80 million in a funding round co-led by IFC and Wavemaker Partners

Jul 16, 2024over 1 year ago

Amount Raised

$80 Million

PasigReal Estate

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.

Company Information

Company

Lhoopa

Location

Pasig, National Capital Region, Philippines

About

Lhoopa is a prop tech company that focuses on developing affordable housing in emerging markets, leveraging data and technology. The company was founded in 2018 and aims to address the affordable housing backlog in the Philippines and other emerging markets by providing profitable and impactful solutions.

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Funding Insights

Based on industry data
VC-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