Fifth Wall led a $20m Series A round in Aloft.

Fifth Wall, a venture capital firm focused on the global real estate industry and property technology for the Built World, led a $20m Series A round in Aloft, a real estate appraisal industry company, with participation from Andreessen Horowitz, Spencer Rascoff, Chase Gilbert, Gokul Rajaram and MetaProp. "The current home appraisal process is inefficient and lacks consistent quality, which creates issues for people trying to close a real estate transaction. An appraisal report is the cornerstone of financing a home, but getting a quality report done on time is one of the largest pain points for lenders and borrowers. We think we can fix this with improved appraiser tools and technology, better communication and integrated quality controls. We are significantly improving turnaround times and producing the highest quality in the industry. Lenders are getting a predictable experience, and borrowers are feeling more informed and respected," Travis Soukup, Aloft CEO.