Loft, which claims to be the largest and fastest-growing real estate platform outside the US and China, has reached a $2.9bn valuation after close of its Series D-2 round.
The fresh capital comes just a month after the PropTech secured $425m in its Series D round, which had put its valuation at $2.2bn.
Contributions to the round came from existing investors and new institutional backers, including Baillie Gifford, Tarsadia, Flight Deck and others. Several entrepreneurs also contributed to the round, such as the founders of Better Mortgage, GoPuff, Instacart, Kavak, and Sweetgreen.
The PropTech aims to digitise the real estate marketplace in Latin America. Its platform leverages data and automated valuation models to predict pricing and liquidity for a property.
Loft founder and co-CEO Florian Hagenbuch said, “Even in just the short amount of time since our Series D, the diversity of perspectives and the wealth of collective experience across our investor base have provided innumerable insights enabling us to run faster with our existing plans and cover more ground in general. We look forward to our new investors’ voices joining in these discussions for the years to come.”
With the close of the round, the FinTech has raised a total of $800m in funding since it was founded in 2018.
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