Investment

Loft raises $175M Series C from Vulcan Capital and a16z

LatAm List –  Loft, a Brazilian digital real estate platform, recently raised a $175M Series C led by Vulcan Capital and Andreesen Horowitz (a16z), along with QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Capital, and Monashees.

This funding is the first and only investment in Latin America for Vulcan Capital and the first and only Brazilian investment for Andreesen Horowitz and brings its total raised to $275M since its founding in 2018.

The Brazilian startup gained over $150M in annualized revenue in its first full year of operation through more than 1000 transactions. In the past year, it also increased its number of employees fourfold to more than 450 employees.

Read more on Crunchbase News.

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