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Lhoopa raises $80M to spur more affordable housing in the Philippines

TechCrunch LogoTechCrunch21h ago

Lhoopa raises $80M to spur more affordable housing in the Philippines - TechCrunch

Quick Summary:

Lhoopa has developed a technology platform that uses machine learning and AI to analyze market trends based on the data it gets from the listings created by local agents and other channels.

The freshly infused Series B round includes $20 million in equity, co-led by the World Bank’s International Finance Corporation (IFC) and Wavemaker Partners, with participation from Pavilion Capital, 10X Group, Concentric Equity Partners, UAE-based Mirath Investments and US-based NataRock Partners Fund.

Lhoopa aims to utilize the fresh funding to grow its presence in the Philippines and even go beyond the country and expand to other Southeast Asian countries, with plans to enter at least one country in the next 18 months.

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Article Details

Author / Journalist: Jagmeet Singh

Category: Technology

Markets:

Topics:

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 00:00:00 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1459 words

Reading Time: 9 minutes read

Sentences: 57 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21640751

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