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- iTierra 🗺
Yo,
Tesla is going to build a factory in Mexico…. great news for Mexico, but also for latam.
You see, while things are heating up between the US and China— guess where investors and businesses are rolling their eyes to? Yep, latam!
Just look at the beauty Elon Musk will be building.
Now let's get to it! We have an excellent pitch for you today.
Estimated read time: 1 minute 36 seconds
IMAGINE THIS
You're on the hunt for the perfect piece of land.
After searching for months, you give up… we don’t blame you.
No data, no time, and to top it all off, the bank won't give you credit - tough spot.
But wait… you got us, and we got you - hear is us out iTierra.
Their platform can help you find the perfect land plot quickly, not only that, but it will also solve your other headaches.
EXPLAIN IT LIKE I'M FIVE
iTierra is the all-in-one platform for land…
Marketplace: Buy, sell, or browse land listings with ease using iTierra’s data-driven real estate platform.
Invest: Discover new investment opportunities through fractional ownership of land plots.
Credit: They provide legal and financial infrastructure for purchasing retail land in deferred payments for up to 7 years.
They’re transforming the way you can search and invest in the land through world-class technology.
THE ABCs
Based in - Monterrey, Mexico
Founded date - 2021
Team size - 15
Investors - Lote Capital & private investors
Raised - Undisclosed, Seed (currently raising)
Industries - proptech, A.I, fintech
Business model - Saas, marketplace, lending
OTHER PLAYERS
BUILDING IN LATAM?
BACKGROUND CHECK
The good stuff
-Wide range of land options: They provide users with a variety of land options in Mexico, making it easier for them to find the perfect land whether it is to invest or build.
-Industry: Mexico’s estimated annual land sales market is $3.6 billion which generates around $110 million in fees.
-AI: They can calculate the future value of plots of land with their propriety artificial intelligence algorithm.
-SaaS: They plan to offer their data-driven intelligence as a service in the coming months.
roadblocks
-Trust: Buying a plot of land is a tough decision, and buying it online is even tougher.
-Traction: It is estimated that in 2023 there will be around 15-20% less inventory (fewer properties available for sale) which will slow down productivity.
-Competition: iTierra’s competitors are very well funded, they have raised north of $300 million… also traditional companies are still leaders in the industry.
THE ARCHITECTS
Ricardo Moreno - CEO & Co-Funder
Carlos Muñoz - CIO & Co-Founder
Alberto Montenbruck - COO & Co-Founder
Horacio Canales - CTO & Co-Founder
WANT A PIECE OF THE PIE?
You can! Hit us up at [email protected]
Minimum investment of $50k Usd
HEADLINES CORNER
Rappi & Justo joined forces to grow in Brazil.
Buk raised $35 million in a round led by Base10 Partners and Greenoaks Capital.
Mercado Libre posted record results in their latest earnings report. Revenue grew 56.5% year over year.
Chilean startup Datamart raised $6.3 million to expand its operations.
Uali raised $1.9M, and they‘re expanding their operations to the UK.
FOUNDERS BOOKMARKS
Every year Warren Buffet drops a letter to their shareholders, these letters are full of timeless lessons and investing wisdom that you don't wanna miss out on.
Jack Raines writes a bi-weekly newsletter about finance, check out his piece about the different types of wealth.
Landing pages are crucial, is yours optimized? check this guide to improve it.
And that's a wrap! But don't worry, the fun doesn't have to end here. Keep the conversation going by following us on Twitter @latmstartups
Your take on this week's pitch?
💡💡💡💡💡 cool stuff
💡💡💡 meh - do better
💡 not interesting