About Loft
Loft is a Brazilian real estate technology and financial services platform headquartered in São Paulo. Founded in 2018 by Mate Pencz, Florian Hagenbuch, and Kristian Huber, Loft has raised approximately $888 million in total funding, making it one of the most well-capitalized proptech companies in Latin America. Its investors include some of the most prominent venture and growth equity firms in the world, including Andreessen Horowitz, D1 Capital Partners, Thrive Capital, and GIC.
Loft originally launched as an iBuyer — directly purchasing, renovating, and reselling residential apartments in São Paulo and Rio de Janeiro. The company has since pivoted its core model toward a B2B transactional platform for brokerages and real estate agents, offering technology tools for listings, transactions, fintech products, and an AI-driven property price calculator. This model shift, comparable to China's Beike, helped Loft reach breakeven by late 2023. The company reported partnering with over 30,000 brokers and maintaining tens of thousands of active property listings across Brazil.
Loft's most recent disclosed funding was a $100 million convertible note in August 2023, anchored by investors including ADQ, BTG Pactual, GIC, CPP Investments, and Silver Lake. The company's last reported post-money valuation was approximately $2.9 billion, established in April 2021 following its Series D-2 round co-led by Baillie Gifford.
Funding History
| Round | Date | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|---|
| Conv. Note | Aug 2023 | $100M | Undisclosed | ADQ, BTG Pactual, GIC, CPP Investments, Silver Lake, Citi Ventures, Cercano Management |
| Series D-2 | Apr 2021 | $100M | ~$2.9B | Baillie Gifford, Tarsadia Capital, Flight Deck, Caffeinated, Scottish Mortgage Investment Trust |
| Series D | Mar 2021 | $425M | ~$2.2B | D1 Capital Partners, Advent International, Altimeter, DST Global, Silver Lake, Soros, Tiger Global, Andreessen Horowitz, Fifth Wall, QED, Vulcan Capital |
| Series C | Jan 2020 | $175M | ~$1B | Andreessen Horowitz, Vulcan Capital (Paul Allen), Thrive Capital, Monashees, QED Investors, Valor Capital Group |
| Series B | 2019 | ~$70M | Undisclosed | Andreessen Horowitz, Monashees, QED Investors |
| Series A | 2018 | ~$18M | Undisclosed | Andreessen Horowitz, Monashees |
Figures sourced from public disclosures. Approximate. For informational purposes only. Not an offer or solicitation.
Company Details
Loft Stock FAQs
Access Pre-IPO AI Companies Through FNEX Ventures Fund
The FNEX Ventures Fund provides accredited investors with diversified exposure to high-growth private technology and real estate companies — including positions in companies like Loft — through a single professionally managed private fund vehicle.
Book a Call Learn About the FundSecurities offered through FNEX Capital, LLC, member FINRA & SIPC. This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior to investing. Available only to accredited investors. FNEX Ventures is required to verify accreditation status prior to accepting any investment.
This is a private company. Its shares are not publicly traded and no market pricing is provided on this page. All valuation figures are based on publicly reported funding round data and are not indicative of current market value, intrinsic value, or future performance. Private company valuations are inherently uncertain and may change materially over time.
Company names, logos, and trademarks referenced or displayed on this page are used for illustrative purposes only and do not represent actual holdings, target investments, or future investment intentions of the FNEX Ventures Fund. There is no guarantee that any portfolio company will complete an initial public offering (IPO), merger, acquisition, or other liquidity event. Investment in private funds involves a high degree of risk, including the possible loss of the entire investment. Past performance is not indicative of future results.
