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Saudi Arabia-based DAAL Ventures has taken part in a $5 million seed funding round for proptech start-up Pulppo.
The fundraising, also participated by Boost Capital, Y Combinator, 1984VC and other investors, will support the company’s plans to grow its operations in Mexico and expand to other Latin American markets.
The Mexico-based proptech operates as an online broker, offering everything an agent needs to manage a property, from appraisals to home visits. It tracks prices and helps reduce the selling time for properties.
“DAAL is always looking for outstanding companies that disrupt the market and add value to their space, not only we found in Pulppo, but we also found an enabler that focuses on the human element that eases things for them,” said Abdulrahman AlQahtani, DAAL’s CEO.
The venture capital firm looks to invest in businesses that operate in fintech, artificial intelligence, big data, internet of things and marketplace sectors.
(Writing by Cleofe Maceda; editing by Seban Scaria )
