Loloft is a technology company.
Loloft has raised $1.0M across 1 funding round.
Loloft has raised $1.0M in total across 1 funding round.
Loloft is a PropTech startup founded in 2021 that provides "industrial coworking" spaces, combining flexible microwarehousing (125–5,000 sq ft units), private offices, coworking areas, and logistics amenities like shipping centers, loading docks, and shared tools—all under short-term leases starting at 3 months with 30-day notice flexibility.[1][2][3] It targets startups, e-commerce brands, retail distributors, and corporate teams needing scalable storage, fulfillment, and workspace without long-term commitments, solving the pain of rigid traditional leases amid high e-commerce demand.[1][2][4] With locations in Rogers, Arkansas (28,000 sq ft, opened 2023 and over 50% leased early on), Phoenix (51,902 sq ft, debuted 2024), and expansions to Tampa (opened March 2025), plus plans for Minneapolis, Portland, Dallas, and Miami, Loloft shows strong growth momentum, boasting $10.2M revenue, AI-enabled tech, and preparations for a $10M seed round backed by investors like RZC Investments and Rise of the Rest Seed Fund.[1][3][4]
Loloft emerged during the COVID-19 pandemic when co-founder and CEO Brendan Howell struggled to secure 2,000–5,000 sq ft of flexible space for mask production, facing offers only for 20,000 sq ft on 5-year leases or subleases.[4] Partnering with co-founder Paola Ibarra, Howell launched the company in 2021 near Walmart's headquarters in Rogers, Arkansas, opening its 28,000 sq ft flagship in September 2023 (ribbon-cutting August 2023), which quickly exceeded targets and reached over 50% occupancy.[1][3][4][5] Early backing from RZC Investments and Steve Case's Rise of the Rest Seed Fund fueled U.S. expansion, starting with Phoenix in partnership with Workspace Property Trust, positioning Loloft as a high-growth venture ready for seed funding.[1][3][4]
Loloft rides the post-pandemic e-commerce surge (up 30% from pre-2020 levels) and PropTech boom, addressing warehouse shortages (record-low vacancies in 2023) by enabling microwarehousing for faster last-mile delivery and localized fulfillment.[1][4] Its timing capitalizes on startups' need for agile spaces amid remote/hybrid work and supply chain shifts, disrupting traditional industrial real estate dominated by long leases.[2][3][4] Market forces like rising third-party logistics demand and suburban office/flex growth favor Loloft's model, partnering with leaders like Workspace Property Trust to influence the ecosystem by lowering barriers for e-commerce entrants and fostering startup clusters in underserved logistics hubs.[1][6]
Loloft is poised for accelerated scaling post its $10M seed round, with AI tech and proven locations driving entry into Tampa (live March 2025), Minneapolis, Portland, Dallas, and beyond, potentially hitting multi-city dominance in industrial coworking.[1] Trends like AI-optimized logistics, e-commerce localization, and flexible CRE will propel growth, evolving Loloft from a pandemic-born idea into a PropTech leader empowering startups to "grow on their own terms."[1][2] As it expands, expect deeper enterprise adoption and ecosystem influence, mirroring coworking's office revolution but for warehousing—turning rigid industrial space into dynamic startup fuel.
Loloft has raised $1.0M in total across 1 funding round.
Loloft's investors include 8VC, EVE Atlas, Fontinalis Partners, Kayne Anderson Capital Advisors, Revolution, Story Ventures, Kelvin Beachum Jr..
Loloft has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $1.0M Seed | 8VC, EVE Atlas, Fontinalis Partners, Kayne Anderson Capital Advisors, Revolution, Story Ventures, Kelvin Beachum Jr. |