Loft, a Latin America–based digital real estate platform simplifying the buying and selling of residential real estate, has closed $175 million in Series C funding.
Vulcan Capital and Andreessen Horowitz co-led the round, with participation from QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Capital, Monashees and others.
Latin America has a $6 trillion residential real estate market. Lack of data transparency and a consolidated marketplace, however, contribute to low-quality and redundant listings, high asking prices and exceedingly long sell times, creating a painful experience for buyers, sellers and brokers.
Founded in 2018 by a group of serial entrepreneurs and experienced executives, including founders and co-CEOs Mate Pencz and Florian Hagenbuch, Loft’s digital platform simplifies the purchase and sale of apartments by bringing improved organization, data and efficiency to the residential real estate market. By combining real transaction da
