Mangrove Capital participated in the successive financing rounds carried out by Badi app, the marketplace for shared flats, always advised by Across Legal. In its last financing round, the American venture capital Goodwater Capital joined the Catalan company a shareholder, in an operation for the total aggregated amount of € 26.04 M.
The financing round also included the participation of other venture capitals that were already shareholders of the company, such as Mangrove Capital, Spark Capital Partners and Target Global, which has also invested in companies such as Delivery Hero and Blue Apron among others.
Founded in 2015 and headquartered in Barcelona, Badi is a company dedicated to the development of an application for smartphones that connects people who offer and are looking for a flat or room to share. It is the first PropTech that implements Artificial Intelligence to obtain greater effectiveness when connecting profiles that are looking for long-term rental solutions.
Previously, Across Legal also advised Mangrove Capital in the previous Badi App financing round, which amounted to € 1M.