Brazilian proptech startup Loft announced this Monday (21) the acquisition of a real estate management platform called Vista. Founded in 2005 in Florianópolis (Southern Brazil), Vista serves more than 2,000 real estate agencies in Brazil, managing more than 1.7 million advertisements, among other services. Loft did not disclose the value of the deal. This is Loft’s sixth acquisition since the startup achieved unicorn status, following a $425 million Series D announced in March 2021 and boosted the following month with a further $100 million.
According to Loft, Vista’s services, from customer service apps to rental contracts management, will be integrated into the products that the proptech already offers to its customers.
The portfolio of the now so-called Loft Group includes CredPago (a startup whose 49% was purchased by Loft from BTG Pactual in July last year), CrediHome’s home equity line (a startup acquired by Loft in August 2021), and access to data from the 123i portal (purchased in December last year by Loft). In September and October of last year, Loft also bought a prominent real estate agency in South Brazil called Foxter and debuted in Mexico by acquiring proptech startup TrueHome.
Vista’s founder Vilson Moesch and around 100 employees will continue to run the platform. Vista customers, in turn, will also have access to Loft’s solutions.
Loft currently has more than 40,000 apartments for sale in four cities (Sao Paulo, Rio de Janeiro, Belo Horizonte, and Guarulhos). Among its investors are Andreessen Horowitz, CPPIB, D1 Capital, DST, monashees, QED Investors, and Vulcan Capital.