Mexican Short-Term Rental Startup Casai Raises $48 Million Led by Andreessen Horowitz

Casai, a short-term rental brand offering travelers professionalized stays with hotel-style amenities in Mexico, said Wednesday it had raised $23 million in equity funding.

Andreessen Horowitz, a venture-capital firm that was an early backer of Airbnb and Facebook, led the round. Kaszek Ventures, arguably Latin America’s largest venture fund, also participated. Other backers included Global Founders Capital.

Casai said it had also accessed as much as $25 million in debt financing from TriplePoint Capital, bringing the funding total to $48 million.