D1 Capital led a $425m Series D financing round in Loft.

D1 Capital, a venture capital firm, led a $425m Series D financing round in Loft, a digital real estate platform in Brazil. The round had participation from Advent International, Altimeter Capital Management, Canada Pension Plan Investment Board, DST Global, GIC, Silver Lake, Soros Fund Management, Tarsadia and Tiger Global Management. Existing investors Andreessen Horowitz, Caffeinated Capital, Fifth Wall, monashees, QED Investors and Vulcan Capital followed on. Loft is already in the process of raising about $100m more in an add-on to the deal that would boost its valuation to roughly $2.8bn post-money.