Palomma raises $10 million to expand property finance in Colombia
Cometa VC led the Series A for the company combining AI leasing software, rent payments and financial products.
Palomma has raised $10 million in Series A funding led by Cometa VC. The round brings its total funding to $14 million, including $4 million raised previously.
Participants include Volpe Capital, Clocktower Technology Ventures, Tekton Ventures, Simma Capital and Yango Ventures, alongside existing investors Y Combinator, 17Sigma, Nido Ventures and Norte Ventures.
The Medellín company reaches landlords and tenants through property managers. It combines AI leasing software with rent collection and payouts, then offers products such as rental guarantees, tenant rewards and advances on rental income.
The funding will support expansion in Colombia, additional AI and financial products, and preparation for other markets. Palomma says it processes about $130 million in rental payments each month.
Use of funds
Expand in Colombia
Develop AI and financial products
Prepare for additional markets