Lofty AI
Helps people buy properties primed for rapid appreciation with zero risk.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | N/A | Series B | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 68 % | 82 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Lofty AI, founded in 2018 by Jerry Chu and Max Ball, is a Los Angeles-based company that operates at the intersection of real estate and technology. Jerry Chu, a self-taught programmer with a background in data science and a Bachelor of Science in Mathematics from USC, brings his expertise to the company's AI-driven approach.
The company has a dual-faceted business model. Firstly, it offers a marketplace that allows individuals to invest in U.S. rental properties for as little as $50, making real estate investment more accessible. This is achieved through a process of tokenization, where each property is represented by a number of digital tokens that investors can purchase. This model allows investors to start earning rental income from day one.
Secondly, Lofty AI provides an AI-powered platform for real estate professionals. This platform is designed to enhance productivity and accelerate business growth by offering a suite of tools. These tools assist with various aspects of the real estate business, including platform navigation, marketing, social media promotion, listing management, and lead management. The AI can be customized to fit the specific needs of the user.
Keywords: real estate, investment, artificial intelligence, property, marketplace, tokenization, rental income, proptech, fintech, fractional ownership