Spanish proptech company Badi, which helps (mostly young) people find a place to live – and people to live with – in a couple of major European cities, has raised $30 million to spur growth, bringing its total to $45 million. The funding round was led by Silicon Valley VC GoodWater Capital and joined by Target Global, Spark Capital and Mangrove Capital. Founded in 2015, Badi’s app helps people find a fitting roommate according to age, interests and whatnot, and aims to bypass estate agents for people to find property to rent. The company says it banks on AI to obtain greater effectiveness when connecting profiles, both for roommates and rooms. In 2018, Badi surpassed 1 million users, expanded into Paris, London and Rome, and currently lists more than 120,000 rooms. GetYourGuide co-founder and COO Tao Tao is joining the startup’s advisory board.
Mangrove Capital Partners has raised $ 30 m in series B funding as it seeks to expand into new markets. The investment, led by Spark Capital with support from Target Global , Target Global and Spark Capital , takes the firm's total financing to $45m . The Spanish company, founded in 2015 , offers an app allowing people to find both rooms and like-minded potential roommates through artificial intelligence-based models. The company passed 1 million users last year after launching its service in London , Rome and Paris .