November 29, 2018 |
General Atlantic has led BRL250m ($65.1m) in fundraising and acquired an undisclosed stake in the Brazilian apartment rental website QuintoAndar.
The website's existing investors, including Kaszek Ventures, Ruane, Cunniff & Goldfarb, Qualcomm Ventures and QED, also participated in the Series C funding round, General Atlantic and QuintoAndar said in a statement.
QuintoAndar said it will spend the money on its business in Belo Horizonte, Brasília and Goiânia and also to start new operations
US private equity firms leads $65m in funding and takes a stake in the Brazilian apartment rental website