Loft, a Sao Paulo, Brazil- digital platform simplifying the buying and selling of residential real estate, closed a $175M Series C funding round.
The round was co-led by Vulcan Capital and Andreessen Horowitz with participation from QED Investors, Fifth Wall Ventures, Thrive Capital, Valor Capital, Monashees and others.
The company plans to use the latest round of funding to expand across both Brazil and Latin America, starting with Rio de Janeiro in the first quarter of 2020, Mexico City in the second quarter and several other cities soon after.
Loft is also expanding into new product categories and plans to scale its financial product lines, including mortgages and insurance, significantly in 2020.
In December, Loft hired former Director of Regional Operations at UberEats in Latin America, Juan Pablo Ramos, as General Manager of the company’s Mexico operations. | To read full story, visit https://startuparound.com/read/1578262722.3506873/Loft-Secures-$175M-in-Series-C-Funding?ref=audio_experience