QuintoAndar offers a platform where users can explore, book, rent, and promote properties online. They use a proprietary credit analysis algorithm to take care of contract compliance and erase the need for renters to have co-signers, deposits, or rental insurance.
They guarantee landlords they will get their rent every month; guaranteed through QuintoAndar's credit analysis and insurance program. They offer landlords protection against damages to their property and a network of service providers to repair or maintain a property through their platform.
Through their platform, and their app, renters can book a viewing to an apartment. The viewing can be accompanied by a certified rental agent. The rental agent is coordinated in a fashion similar to Uber drivers.
After viewing, the renter can negotiate directly with the landlord, sign the rental contract online along with their rental guarantees.
Started by CEO Gabriel Braga and CTO André Penha in 2013, QuintoAndar initially offered an online marketplace where tenants and landlords could search for each while working to eliminate the need for guarantors, rental insurance or deposits.
Announced in August of 2012, QuintoAndar raised $1.1 million. Investors included Social Capital, Mauricio Feldman, Marcelo Sampaio, Julio Vasconcellos, João Ventura, Jeremie Corcos, Fernando Gadotti, Brian Requarth, and Andréa Ventura.
Google Launchpad Accelerator
QuintoAndar participated in the Google Launchpad Accelerator in 2016, where they received $50 thousand.
QuintoAndar raised $12.3 million in December of 2016. Acacia Partners led the investment round, which included Qualcomm Ventures and Kaszek Ventures.
QuintoAndar committed the funds to consolidate operations in Belo Horizonte, Brasília, and Goiânia, open operations in Porto Alegre and Curitiba, and strengthen partnerships with Brazil's main real-estate agencies.
Softbank led QuintoAndar's $250 million Series D. The round, which finished September 2019, included investments from Kaszek Ventures, Dragoneer Investments Group, and General Atlantic.