INSUBCONTINENT EXCLUSIVE:
has growth funding to prove it
Andreessen Horowitz is doubling down on its first Brazil investment with Loft, a two-year-old real estate marketplace
America as a $6 trillion opportunity
As it exists now, lack of data transparency around property listings results in low-quality listings, disproportionately high asking prices
and prolonged selling times
This creates a painful experience for buyers, sellers and brokers
supported by some pretty big Silicon Valley names since its genesis in 2018
Loft raised equity capital from angel investors such as Max Levchin of PayPal, Joe Lonsdale of Palantir, Opendoor founder Eric Wu, Mike
Loft is currently operative in Brazil, and has big plans for Mexico in 2020
As Loft mobilizes in Mexico, this could mean trouble for Flat, an existing Opendoor clone in Mexico, which will now fight for market share
Pencz sees more value in physically integrating the Loft brand into the fabric of new neighborhoods through festival sponsorships and
community events, while leveraging broker channels
mortgages and insurance through banks
Horowitz and Vulcan Capital co-led the Series C, with participation from QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Capital
Uruguayan restaurant management platform Meitre and Colombian point of sale lender ADDI
Cuts from referral and partnership fees from banks or insurance companies will continue to help Loft monetize, in addition to the $275
