Casai Series-A

This is the Casai pitch deck to raise a $48m series-a round in 2020. The round is a mix of $23 million in equity and up to $25 million in debt financing from Triple Point Capital.

About

Casai is a startup in Latin America, merging smart home technology, and premium accommodation to innovate the hospitality industry. It is a real estate platform for fully-furnished premium apartments in Mexico City and is a hospitality concept designed for the nomadic generation.

Casai curates beautiful apartments that merge the design and comforts of a boutique hotel with the technology of a San Francisco home and the local ambience of a vacation rental.

The company, which has almost 200 units in Mexico City and has launched an office in Sao Paolo to support a 2021 expansion to more of Latin America, brings boutique hotel style and operation to the short-term rental space. While companies that do this are attracting a lot of attention in the United States, like Sonder to Zeus Living, the sector is less common in emerging markets like Mexico, according to CEO and cofounder Nico Barawid.

Before starting Casai last year, Barawid worked in Silicon Valley, most recently as head of international business at Nova Credit, which imports credit scores and financial histories across borders. Barawid travelled a lot for his job and found that emerging markets often had wide variations in the quality of short-term rentals, with some lacking amenities that frequent travellers come to expect, like WiFi.

Barawid’s original concept, creating a more repeatable short-term rental experience in an emerging market, came to fruition when he met his co-founder and COO of the company, María del Carmen Herrerías Salazar. Salazar was previously a financial planning manager at Grupo Presidente, one of Mexico’s largest hotel-operating companies.

“I was craving this from a consumer angle and I wanted to buy it, and she was thinking about it from an operating angle,” Barawid said.

Funding Rounds

Pitch Deck Review Summary

Slide by slide review

Deck Collection

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