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Loft Becomes First Unicorn of 2020, Raising $ 175M in Series C Round

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The startup becomes a unicorn thanks to an investment round led by Andressen Horowitz and Vulcan Capital.

Brazilian real estate startup Loft has become one of the proper names in the Latin American entrepreneurial ecosystem in 2020. Proptech has closed a Series C round of $ 175 million .

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The operation has been led by Andresseen Horowitz and Vulcan Capital, and has had the participation of the funds Fifth Wall Ventures, QED Investors, Thrive Capital, Valor Capital and Monashees . Both Horowit and Fifth Wall Ventures repeat as proptech investors.

Loft will allocate the bulk of the investment raised to execute its expansion plan in Brazil and open up to the Mexican market , betting on the purchase, remodeling and sale of the apartments, its main business model. In addition, a portion of the funds will go towards improving its marketing strategy and tools.

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