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Casai

ProptechMexicoClosed 2023

Total Raised

$53M

Peak Valuation

Undisclosed

Employees

Year Collapsed

2023

Business model

Furnished short/mid-term rental apartments managed end-to-end.

In brief

A Mexico City-based short-term rental and property management startup backed by Andreessen Horowitz among others. Occupancy collapsed from 90% to 30% during the pandemic, and after years of betting one more funding round would reach profitability, it shut down operations at the s…

See the What Happened tab for the full account.

Key facts

Founded
2019
Closed
2023
Headquarters
Mexico City, Mexico
Industry
Proptech
Employees
Revenue
Undisclosed
Founders
Nico Barawid

Related failures

Often compared with: Sonder, Airbnb, Vacasa.