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QuintoAndar

ProptechBrazil
✂️ Markdown
Peak $5.1 BillionToday
~-40%
from peak
  1. 🦄
    Became a unicorn
    Sep 2021
  2. 📈
    Peak valuation
    $5.1 Billion ’21
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    ~$3.06B
Current status
Frozen mark; under pressure

How it happened

QuintoAndar is a Brazilian proptech that streamlines residential rentals and home sales, peaking around $5.1B in 2021. A cooling proptech market, layoffs, and pressure on private valuations led investors to freeze or mark down its valuation. Third-party estimates imply a decline of roughly 40% from peak, though no formal down round had crystallized.