About Lofty
Lofty is a company based in New York (United States) founded in 2010 was acquired by Auction Mobility in October 2016. It operates as a SaaS (Software-as-a-Service), Subscription Services, and PropTech. Lofty has raised $5.35 million across 3 funding rounds from investors including Auction Mobility, Lerer Hippeau and Founders Fund. Lofty has completed 1 acquisition, including Firepoint. Lofty offers products and services including LoftyBlast, Real Estate CRM, Agent Websites, and Lofty AI. Lofty operates in a competitive market with competitors including immowelt, Inside Real Estate, BoomTown, Luxury Presence and Adwerx, among others.
- Headquarter New York, United States
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Sectors
Real Estate & ConstructionTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lofty Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.35 M (USD)
in 3 rounds
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Latest Funding Round
$3 M (USD), Seed
Feb 05, 2014
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Investors
Auction Mobility
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Auction Mobility
(Oct 13, 2016)
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Products & Services of Lofty
Lofty offers a comprehensive portfolio of products and services, including LoftyBlast, Real Estate CRM, Agent Websites, and Lofty AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Listing exposure is amplified for real estate agents easily.
Sales opportunities are identified using AI-powered CRM tools.
SEO-optimized IDX websites are provided for real estate professionals.
Business growth is automated with AI-driven real estate tools.
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Funding Insights of Lofty
Lofty has successfully raised a total of $5.35M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in February 2014. 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 3
- Last Round Seed — $3.0M
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First Round
First Round
(05 Apr 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Seed - Lofty | Valuation |
investors |
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| Oct, 2013 | Amount | Seed - Lofty | Valuation |
investors |
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| Apr, 2012 | Amount | Seed - Lofty | Valuation |
investors |
| 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 Lofty
Lofty has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Auction Mobility, Lerer Hippeau and Founders Fund. 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 investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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US focused VC firm
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Founded Year | Domain | Location | |
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VC firm investing in Europe
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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 Lofty
Lofty has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Firepoint. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business Management and Lead Generation Software solutions.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lofty
| 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 |
Lofty Comparisons
Competitors of Lofty
Lofty 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 immowelt, Inside Real Estate, BoomTown, Luxury Presence and Adwerx, 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 |
CRM solutions and real estate software are provided for professionals.
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| domain | founded_year | HQ Location |
Lead generation and CRM solutions for real estate are provided.
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| domain | founded_year | HQ Location |
Web-based marketing systems for real estate professionals are developed.
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| domain | founded_year | HQ Location |
Provider of marketing solutions for real estate agents
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| domain | founded_year | HQ Location |
Ad creative automation and customer relationship advertising platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Lofty
Frequently Asked Questions about Lofty
When was Lofty founded?
Lofty was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Lofty located?
Lofty is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Lofty a funded company?
Lofty is a funded company, having raised a total of $5.35M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Apr 05, 2012.
What does Lofty do?
Lofty is established as an award-winning, AI-powered platform tailored for real estate professionals. Services are provided to agents, teams, and brokers to automate marketing, streamline sales processes, and boost productivity. Solutions are offered in lead generation, CRM, mobile apps, and transaction management. The platform is designed to support real estate growth through innovative tools like Lofty AI, Social Studio, and Agent Websites. Operations are focused on the real estate technology sector, delivering scalable and flexible solutions to enhance client success.
Who are the top competitors of Lofty?
Lofty's top competitors include Luxury Presence, immowelt and Levitate.
What products or services does Lofty offer?
Lofty offers LoftyBlast, Real Estate CRM, Agent Websites, and Lofty AI.
How many acquisitions has Lofty made?
Lofty has made 1 acquisition, including Firepoint.
Who are Lofty's investors?
Lofty has 7 investors. Key investors include Auction Mobility, Lerer Hippeau, Founders Fund, QueensBridge Venture Partners, and Jose Marin.
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