| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Brazil |
| Sector | Proptech |
| Total raised | $770M total (a16z, Softbank) |
| Collapse type | Mass Layoff Spiral |
| Founder | Mate Pencz |
Loft
"Brazil's iBuyer unicorn that hit $2.9B at the peak — and laid off 60% of staff as interest rates killed the residential market"
Cascading layoffs that accelerated the decline
Key Events Timeline
Loft built a residential real estate iBuying and brokerage platform in Brazil, allowing homeowners to sell quickly at a guaranteed price.
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