Palomma Raises $10M Series A

Palomma, a Medellin-based startup providing AI-powered software and financial services for the rental market, has raised $10 million in Series A funding. This new investment brings the company's total funding to $14 million, inclusive of $4 million in previously undisclosed capital. The startup plans to use the new funds to expand its footprint in Colombia, continue the development of its AI and financial product suite, and prepare for potential expansion into new regional markets.

Investors

The funding round was led by Mexican venture firm Cometa. Additional participants in the round included Volpe Capital, Clocktower Technology Ventures, Tekton Ventures, Simma Capital, and Yango Ventures. The round also featured support from existing investors Y Combinator, 17Sigma, Nido Ventures, and Norte Ventures.

Palomma Use of Funds

Palomma intends to utilize the capital to accelerate its growth across Colombia, enhance its existing AI leasing and financial product offerings, and evaluate international expansion opportunities in Mexico, Brazil, and the Spanish-speaking U.S. market.

About Palomma

Founded by Cipriano Echavarria, Felipe Monsalve, and Nicolas Gomez del Campo, Palomma is a Medellin-based company that provides a comprehensive platform for property managers and landlords. The company combines AI-driven leasing and communication software with rent payment processing and financial services, such as rental guarantees and credit-building products, to modernize the rental experience in Latin America.

Funding Details

Company Website: https://palomma.com

Company: Palomma
Raised: $10M
Round: Series A
Funding Date: November 2026
Lead Investor: Cometa
Additional Investors: Volpe Capital, Clocktower Technology Ventures, Tekton Ventures, Simma Capital, Yango Ventures, Y Combinator, 17Sigma, Nido Ventures, Norte Ventures
Software Category: Fintech
Source: https://news.crunchbase.com/fintech/nubank-alum-colombia-startup-palomma-ai-rental-services/