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Brazilian proptech unicorn Loft lays off 380 employees in its second round of layoffs this year. The report identifies Loft as a Brazilian real estate technology startup and says the job cuts mark its second layoff round of the year, but provides no further details.
Brazilian digital real estate platform Loft adds $100 million to its accounts and $700 million to its valuation in a single month. Nearly a month earlier, the company announced it had closed a $425 million Series D led by New York-based D1.
Brazilian real estate platform Loft raises $425 million at a $2.2 billion valuation in a round described as one of Brazil’s largest venture financings. The article notes that buying and selling residential real estate is complex.
São Paulo-based property technology company Loft raises $175 million in growth funding led by Andreessen Horowitz. The article says Loft may have stronger product-market fit in Brazil than Opendoor has in the United States.