About Loftium
Loftium is a company based in Seattle (United States) founded in 2016 by Yifan Zhang and Adam Stelle was acquired by FlyHomes in February 2023.. Loftium has raised $17.5 million across 2 funding rounds from investors including FlyHomes, Norwest Venture Partners and Founders' Co-op. The company has 14 employees as of December 31, 2022. Loftium operates in a competitive market with competitors including Vacasa, Blueground, Sonder, TurnKeyVR and Frontdesk, among others.
- Headquarter Seattle, United States
- Employees 14 as on 31 Dec, 2022
- Founders Yifan Zhang, Adam Stelle
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Sectors
Travel & Hospitality
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Email
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Phone
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Website
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Social
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- Legal Name Loftium Inc.
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Funding Insights of Loftium
Loftium has successfully raised a total of $17.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.0M
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First Round
First Round
(20 Sep 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Loftium | Valuation | Norwest Venture Partners | |
| Sep, 2017 | Amount | Seed - Loftium | Valuation | DFJ |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Loftium
Loftium has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include FlyHomes, Norwest Venture Partners and Founders' Co-op. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in the US.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by Threshold VC firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Loftium
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Loftium
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loftium Comparisons
Competitors of Loftium
Loftium operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vacasa, Blueground, Sonder, TurnKeyVR and Frontdesk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vacation rentals are booked via an app-based platform by travelers.
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| domain | founded_year | HQ Location |
Furnished apartments are rented for flexible mid- to long-term stays.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked through an app-based platform.
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| domain | founded_year | HQ Location |
Vacation rental management and booking services are provided to homeowners.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked via an online platform.
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| domain | founded_year | HQ Location |
Managed vacation rentals are booked via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loftium
Frequently Asked Questions about Loftium
When was Loftium founded?
Loftium was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Loftium located?
Loftium is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Loftium?
Yifan Zhang is the current CEO of Loftium. They have also founded this company.
Is Loftium a funded company?
Loftium is a funded company, having raised a total of $17.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Sep 20, 2017.
How many employees does Loftium have?
As of Dec 31, 2022, the latest employee count at Loftium is 14.
What does Loftium do?
Loftium was founded in 2016 in Seattle, United States, within the hospitality sector. An online platform is provided for booking luxury vacation accommodations, where payments are processed digitally. Hosts are offered discounted rent in exchange for managing guest inquiries, providing onsite support, and ensuring amenities such as fresh linens, comfortable bedding, keyless entry, WiFi, and automated messaging. Operations focus on connecting guests with high-end rentals.
Who are the top competitors of Loftium?
Loftium's top competitors include Vacasa, Sonder and Blueground.
Who are Loftium's investors?
Loftium has 6 investors. Key investors include FlyHomes, Norwest Venture Partners, Founders' Co-op, Threshold, and DFJ.
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