On May 27, 2021, São Paulo-based proptech QuintoAndar announced that it has closed on $300 million in a Series E round of funding that values it at $4 billion. Silicon Valley-based Ribbit Capital led the financing, which also included participation from SoftBank’s LatAm-focused Innovation Fund, LTS, Maverik, Alta Park, an undisclosed U.S.-based asset manager fund with over $2 trillion in AUM, Kaszek Ventures, Dragoneer, and Accel partner Kevin Efrusy. Wilson Sonsini Goodrich & Rosati represented QuintoAndar in the transaction.

QuintoAndar describes itself as an “end-to-end solution for long-term rentals” that, among other things, connects potential tenants to landlords and vice versa. Last year, the company also expanded into connecting home buyers to sellers. In part, QuintoAndar plans to use the new capital to expand into new markets within Brazil, as well as within Latin America as a whole.

The Wilson Sonsini LatAm practice team that represented QuintoAndar in the transaction includes Craig Sherman, Matt Squires, Laura Duncan, Maurice Guttmann, and John Delaney.

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