Flyhomes, which works on 3D tours and home-buying simplification, announced it is acquiring the hosting app Loftium.
Flyhomes experienced layoffs in November and July amid changes in real estate demand due to rising interest rates.
- Loftium first launched in 2017 by providing down payment assistance for Airbnb hosts who agreed to split profits.
- In 2019, Loftium pivoted to renting homes to aspiring Airbnb hosts before launching its host-to-own program in 2022.
- The startup operates its host-to-own program in Denver and Portland.
- Flyhomes' backers include former Zillow Group CEO Spencer Rascoff, Andreessen Horowitz, Battery Ventures, and Fifth Wall, among others.
