Tabas is a technology company.
Tabas offers beautifully designed, fully furnished apartments for rent in Rio de Janeiro and São Paulo, providing a home-like experience with necessary support for safety and comfort.
Tabas has raised $7.0M across 1 funding round.
Tabas has raised $7.0M in total across 1 funding round.
Tabas has raised $7.0M in total across 1 funding round.
Tabas is a Brazilian proptech startup that provides furnished, tech-enabled apartments for medium- and long-term stays (at least one month), targeting renters seeking hassle-free urban living and landlords looking to simplify property management.[1][2][3][5] It solves key pain points like long-term contracts, bureaucracy, apartment setup (e.g., internet, furnishings), tenant screening, maintenance, and vacancy risks by fully managing properties—transforming them into ready-to-live spaces in prime locations such as São Paulo and Rio de Janeiro.[2][3] By late 2022, Tabas operated over 1,000 apartments across three cities in Brazil, serving individuals and potentially corporate clients with a focus on flexibility and quality.[1][3][4]
The company raised a $14 million Series A round led by Blueground in January 2022 and was acquired by the New York-based global proptech firm later that year (November 2022), marking Blueground's first acquisition to expand into Latin America.[1] Post-acquisition, Tabas integrated with Blueground, launching in Mexico City in early 2023 and contributing to a combined portfolio aiming for 40,000 apartments in 50 cities by 2025 across 29 cities in 16 countries.[1]
Tabas emerged in Brazil to address frustrations in the rental market: renters facing bureaucratic leases, setup hassles, and lock-in clauses, while landlords dealt with brokers, unreliable tenants, maintenance, and vacancies.[2] Founded by entrepreneurs including co-founder and CEO Leonardo Morgatto, the company built a proptech model inspired by flexible, furnished living—similar to Blueground's global approach.[1][2] Early traction came quickly, leading to over 1,000 apartments in São Paulo, Rio, and a third city, with a $14 million Series A in January 2022 led by Blueground, which praised the team's execution.[1][3]
A pivotal moment arrived in November 2022 when Blueground acquired Tabas, aligning visions for scalable, tech-driven rentals in Latin America; Morgatto highlighted the deal as a "success story for Brazilian proptech," enabling expansion like Mexico City.[1] This acquisition humanizes Tabas as a homegrown innovator that punched above its weight (~28 employees, <$5M revenue pre-acquisition), evolving from a local operator to part of a global player.[1][2]
Tabas rides the proptech wave in flexible living, fueled by remote work, business travel recovery, and demand for mid-term rentals amid urbanization in emerging markets like Latin America.[1][3] Timing was ideal: post-COVID shifts favored "home-like" stays over hotels (longer avg. stays reduce turnover risks), while Brazil's proptech scene gained momentum—Tabas's acquisition exemplifies cross-border validation.[1][4] Market forces like housing shortages, millennial/digital nomad mobility, and landlord digitization play in its favor, influencing the ecosystem by proving scalable models (Blueground's LatAm entry) and inspiring regional startups.[1][2][5]
Now fully integrated into Blueground (as of 2023+), Tabas fuels aggressive growth toward 40,000 units in 50 cities by 2025, prioritizing Latin America with tech upgrades and market entries.[1] Trends like AI-driven property management, sustainable urban rentals, and corporate housing demand will shape its path, potentially evolving influence via Blueground's network—cementing its legacy as Brazil's proptech trailblazer that redefined flexible living from São Paulo streets to global scale.[1][3]
Tabas has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Series A in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $7.0M Series A |