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Baillie Gifford Leads USD100m Series D Extension for Brazilian Proptech Loft

22 April 2021

 Baillie Gifford led a USD100m Series D extension for Brazilian proptech Loft, with participation from Flight Deck and angels from Better, GoPuff, Instacart, Kavak and Sweetgreen, and follow-on from Tarsadia Capital and Caffeinated Capital, at a reported USD2.9b valuation. D1 Capital led a USD425m Series D earlier this year at a reported USD2.2b valuationLoft launched a BRL360m real estate fund in 2020 on B3, the São Paulo Stock Exchange, and raised BRL216m in its first Fundo de Investimento Imobiliário (FII) in 2019.

(TechCrunch) – Nearly exactly one month ago, digital real estate platform Loft announced it had closed on $425 million in Series D funding led by New York-based D1 Capital Partners. The round included participation from a mix of new and existing investors such as DST, Tiger Global, Andreessen Horowitz, Fifth Wall and QED, among many others.

At the time, Loft was valued at $2.2 billion, a huge jump from its being just near unicorn territory in January 2020. The round marked one of the largest ever for a Brazilian startup.

Read more at TechCrunch.