Industry Newsroom

General Atlantic Invests in Property Finder and QuintoAndar (Latin America, Middle East)

U.A.E.-based real estate classifieds portal Property Finder has raised US$120 million in an investment round led by global growth equity fund manager General Atlantic. Existing shareholder Vostok New Ventures also participated in the round. Property Finder provides real estate listing services across the Middle East, North Africa and Turkey and plans to use the funds to improve its products and user experience. Separately, General Atlantic has led a Series C funding round totaling BRL250 million (approximately US$64 million) for Brazil-based apartment rental platform QuintoAndar. Existing investors Kaszek Ventures, Ruane, Cunniff & Goldfarb, Qualcomm Ventures and QED Investors also participated in the round. The company will use the new capital to consolidate its existing operations in various cities and expand to new urban areas in Brazil, as well as to create a partnership system with