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The startup — also backed by Y Combinator — touts that its site features over 50,000 listings and has more than 1 million monthly unique active users in Argentina and Mexico. Overall, he added, the company increased its sales by “10 times” for the second year in a row in 2021. In total, the startup has raised $13 million. Founded in mid-2019, Mudafy operates with a typical digital brokerage model — aiming to make it easier for people to buy and sell their homes and serve as a “one-stop shop” in the process. Today, he says Mudafy is operating at a run rate of “over 2x” of what it did in 2021. Image Credits: MudafyUltimately, Mudafy says, its end goal is to help people close homes faster and for less money. Today, Mudafy has more than 400 employees — up from 204 at the end of 2021 — and plans to do more hiring with its new capital. The company is not yet profitable as it continues to invest in its technology and products, but Forte says Mudafy has been “super capital efficient” and that its unit economics “are healthy and positive.” “Since day one, Mudafy has been laser-focused on providing homebuyers a seamless purchase experience, rather than immediately diving into i-buying, rentals, etc.,” he wrote via email.
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