Brazilian AI Proptech Lastro Raises $15M for Real Estate Revolution
Brazilian AI proptech Lastro has secured $15 million in Series A funding, led by Prosus Ventures. The company aims to revolutionise Brazil's real estate industry with its AI platform that streamlines transactions on WhatsApp.
Lastro's platform integrates with Brazil's largest listing portals, aiming to transform the fragmented real estate market. It features Lais, an AI agent that engages with clients, reducing response times from 6 hours to a mere 15 seconds. Lais also handles property management tasks and provides real estate intelligence to brokerages.
The funding will enable Lastro to expand Lais' capabilities, enhance user experience, and add new integrations to the platform. Prosus Ventures' investment brings global reach and experience in scaling technology companies to Lastro. Other participants in the round include FJ Labs, Endeavor Scale-Up Ventures, Canary, QED, and 1Sharpe Ventures. In total, Lastro has raised $20 million to date.
With its successful funding round, Lastro is poised to become one of Brazil's leading AI startups and expand globally. Its AI platform, which boosts conversion rates by up to 60%, is set to transform real estate transactions in Brazil and beyond.
Read also:
- Amazon Halts Drone Deliveries After Arizona Crashes
- US Energy Transition: Coal Plants Struggle, States Push Renewables
- Musk threatens Apple with litigation amidst increasing conflict surrounding Altman's OpenAI endeavor
- U.S. Army Europe & Africa Bolsters Regional Security with Enhanced Partnerships & Deterrence
