Pinheiro Neto advises D1 Capital on multi-million round of investment in Loft
The startup Loft, which buys, renovates and sells real estate, has received a US$425 million investment, the largest in its history
Loft has received a US$425 million investment, the largest in its history. The fourth round of funding for the startup was led by U.S. fund D1 Capital, which has invested in companies such as SpaceX and Robinhood.
D1, advised by Pinheiro Neto Advogados and Paul, Weiss, Rifkind, Wharton & Garrison LLP, pulled in a long line of first-time investors: Advent International, Altimeter Capital, CPPIB, DST Global, GIC, Silver Lake, Soros, Tarsadia Capital, and Tiger Global.
Other investors who have participated in previous rounds have returned to sign checks. Andreessen Horowitz, Caffeinated Capital, Fifth Wall Ventures, Monashees, QED Investors, Vulcan Capital and Zigg Capital participated – most of these names first invested in Loft in January 2020, when the company became the 11th Brazilian unicorn. The investment is also the highest by a Brazilian startup in 2021, surpassing the $400 million raised by Nubank in the first month of the year.
The Pinheiro Neto team was formed by partner Miguel Tornovsky (pictured left), senior associate Renato Grecco (pictured centre), and associate André Goldflus de Pinho (pictured right).
