Lhoopa

Lhoopa was founded in 2018 by Marc-Olivier Caillot and Sabrina Tan to tackle the Philippines’ large affordable-housing backlog, using a technology-driven approach to housing development, financing, and sales that aims to make homeownership more accessible for middle- and lower-income Filipino buyers.

The company combines property development or partnership, digital sales and matching, and financing structures to help buyers who would otherwise struggle to qualify for or navigate traditional home financing get into affordable housing units, and reports having sold more than 2,500 affordable homes across more than 58 cities.

In July 2024, Lhoopa closed $80 million in combined equity and debt financing — the largest Philippine startup funding round of that year — co-led by the International Finance Corporation (part of the World Bank Group) and Wavemaker Partners, with debt financing from the Asian Development Bank, the U.S. International Development Finance Corporation, and Lendable.

The Philippines faces a large and persistent affordable-housing backlog, and many middle- and lower-income Filipino families struggle to access financing or navigate the process of buying a home even where affordable inventory exists.

Middle- and lower-income Filipino homebuyers across more than 58 cities seeking affordable housing units and accessible financing.

Lhoopa combines housing supply, digital sales and matching, and financing into one platform rather than solving only one part of the affordable-housing problem, and its July 2024 $80 million raise — backed by the IFC and multiple development-finance institutions rather than pure venture capital alone — reflects a business model structured to attract impact-oriented and development capital at real scale.