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Announced

Completed

Loft raised $175m in Series C round led by Vulcan Capital and Andreessen Horowitz.

Financials

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Transaction Value£132m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

digital platform

Acquisition

Private Equity

Venture Capital

Minority

real estate platform

Digital Services

Private

Single Bidder

Brazil

Completed

Cross Border

Synopsis

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Loft, a Latin America-based digital real estate platform, raised $175m in Series C round led by Vulcan Capital and Andreessen Horowitz, with participation from QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Capital, Monashees and others. "Loft’s exponential growth over the past year makes it clear that there is a massive need in the real estate industry for more transparency and efficiency. We see Loft's technology-enabled approach as a significant investment opportunity, particularly in rapidly-growing emerging markets like Latin America, and we’re thrilled to be expanding our funding to help bring the company’s innovative platform to more markets across the region," Alex Rampell, Andreessen Horowitz General Partner.

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