# Loftium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loftium

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.loftium.com
- Total disclosed funding: $15M
- Latest round: Series A (Jun 1, 2019)
- Investors on record: 6

## About

Loftium, Inc. is a Seattle-based company that offers innovative solutions for homebuyers, integrating technology to simplify the home purchase process and enhance accessibility.Founded in 2016 in Seattle, US, Loftium, Inc. specializes in providing tools and resources for potential homebuyers. The company has not undergone significant pivots or changes in its business operations. Adam Stelle, the founder, has a background in technology and entrepreneurship, though specific details about prior ventures are not available. The firm has engaged in 5 investment deals, with its most recent deal occurring on February 13, 2023. Loftium, Inc. raised a total of USD 10.50 mn, with the latest funding round being for USD 10.50 mn.Loftium, Inc. focuses on offering digital tools aimed at enhancing the home-buying experience for consumers. The company's primary offering includes resources that assist individuals in navigating the complexities of purchasing homes, targeting buyers seeking straightforward and efficient solutions.Loftium, Inc. generates revenue through a structured model that facilitates home purchases and related services. This includes transactional fees and partnerships with financial institutions, enhancing their offerings to consumers. The strategy revolves around providing users with valuable insight and assistance in their home-buying journey.Loftium, Inc. plans to expand its product offerings and enhance its platform with new features aimed at improving user experience in the home-buying process. The company is targeting growth opportunities in additional markets, particularly aiming to extend operations throughout North America by the end of 2024. The recent funding raised in February 2023 will support these initiatives, allowing Loftium to broaden its suite of home-buying tools following its acquisition by FlyHomes, Inc.

## Funding rounds

- Series A, Jun 1, 2019, $15M — Norwest Venture Partners, Founders' Co-op, Threshold Ventures
- Angel, Apr 28, 2017 — Draper Fisher Jurvetson, Founders' Co-op, Lerer Hippeau Ventures, Foothill Ventures

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Angel
- Founders' Co-op (https://capitalatlas.ai/funds/founders-co-op) — Angel, Series A
- Lerer Hippeau Ventures — Angel
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Angel
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A
- Threshold Ventures (https://capitalatlas.ai/funds/threshold-ventures) — Series A