Loft
- 🦄Became a unicornMar 2021
- 📈Peak valuation$2.9 Billion ’21
- 💔Became a Unitard~2022
- 💸Last valuation~$1.16B
How it happened
Loft was a Brazilian proptech building an online marketplace for buying and selling homes, valued around $2.9B at its 2021 peak. As global venture funding tightened and Latin American real-estate activity slowed, the company cut staff and faced financial distress. A subsequent down round materially reduced its valuation, dropping it out of unicorn territory. Glassdoor reviews from the period, mostly São Paulo engineers and analysts, described repeated layoff rounds — one counted two in 2022 alone — that hit recent hires within months, alongside near-constant strategy shifts that left teams repeatedly re-scoped. Several insiders praised talented colleagues but faulted C-level direction and a growth-by-acquisition push they felt favored consolidation and marketing over real product innovation.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Mutual-fund markdowns
2 funds · SEC NPORT-PHow U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.
| Fund | Class | $/sh | From peak | As of |
|---|---|---|---|---|
| ArrowMark Financial Corp. | $1.05 | -7% | Mar 2026 | |
| The Pre-IPO and Growth Fund | $2313800.00 | — | Mar 2026 |
Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Jun 2026.
Source: Bloomberg Linea
