International Finance Corporation and Wavemaker Partners led a $80m Series B funding round in Lhoopa.

International Finance Corporation, an international financial institution that offers investment, advisory, and asset-management services, and Wavemaker Partners, a multi-faceted cross border venture capital firm, led a $80m Series B funding round in Lhoopa, a property technology venture, with participation from Pavilion Capital, 10X Group, and Concentric Equity Partners. “Affordable housing is not typically seen as a venture play, but we believe Lhoopa is solving a long-standing problem that will only worsen unless it is addressed. Currently, the Philippines has an affordable housing backlog of over 6.5 million, projected to reach 22 million by 2040. Lhoopa is demonstrating that with boldness, innovation, and differentiated execution, affordable housing can be both profitable and impactful,” Paul Santos, Wavemaker Partners Managing Partner.