# Mudafy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mudafy

- Industry: Commercial Property
- Headquarters: Buenos Aires, Argentina
- Website: www.mudafy.com.ar
- Total disclosed funding: $12M
- Latest round: Series A (Aug 1, 2022)
- Investors on record: 9

## About

Founded in 2019, and based in Buenos Aires, Argentina, Lamac Mudafy Premium SAU a.k.a Mudafy operates as a property technology company that primarily helps individuals to search for apartments and houses on sale through a real estate platform. In August 2022, Mudafy raised USD 1.9 million in Seed funding led by new investor Y Combinator, with participation from Ataria Ventures, Hack VC, Kalei Ventures, Liquid 2 Ventures, Rebel Fund, and Soma Capital Management. Later that month, Mudafy raised USD 10 million in Series A funding led by Founders Fund, with participation from IDC Ventures. As of the investment round date, the company has more than 400 employees. 

Mudafy offers a digital brokerage marketplace focusing on making it easier for people to buy and sell their homes and serve as a one-stop shop in the process. The company has concluded more than 100 real estate transactions per month and originated more than 50% of the mortgage loans for clients in Mexico. Mudafy also has more than 50,000 properties and more than 1 million unique monthly active users. 

In 2021 Mudafy sold properties for more than 100 million dollars and maintained a sustained growth of 20% month on month.  

The company plans to use the 2022 funding to further its expansion in Mexico and, at the same time, continue training and developing its team to improve the shopping experience for customers. In the long term, the company is also exploring the possibility of moving into other Latin American markets such as Colombia, Perú, and Chile.

## Funding rounds

- Series A, Aug 1, 2022, $10M — Founders Fund, IDC Ventures
- Seed, Aug 19, 2019, $1.9M — Y Combinator, Soma Capital Management, Liquid 2 Ventures, Hack VC, Ataria Ventures, Rebel Fund, Kalei Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Ataria Ventures (https://capitalatlas.ai/funds/ataria-ventures) — Seed
- Rebel Fund (https://capitalatlas.ai/funds/rebel-fund) — Seed
- Kalei Ventures (https://capitalatlas.ai/funds/kalei-ventures) — Seed
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- IDC Ventures — Series A