Loloft, a new concept marrying flexible micro-warehousing and office co-working space, announced the grand opening date of its flagship location in downtown Rogers with funding from Bentonville-based RZC Investments.
This represents Loloft’s second notable raise, having previously received an investment from Revolution’s Rise of the Rest Seed Fund, led by Revolution Chairman and CEO and AOL Co-Founder Steve Case. The capital from RZC will accelerate the business’s growth in Northwest Arkansas and position the company for rapid expansion across the United States.
“We’re excited to partner with (Loloft CEO) Brendan (Howell) and the team at Loloft,” said RZC Investments Partner Matt Tarver. “We believe micro-warehousing and fulfillment centers represent a key element of unlocking value for growth-stage companies and entrenched players alike as they look to invest in their supply chain while also reducing their logistics cost, working capital investments and carbon footprints.”
Loloft solves a problem for small and growth-stage companies that need physical space to store or handle products by combining shared office space with private micro-warehouse units ranging in size from 150 square feet to 5,000 square feet under one climate-controlled roof. Additionally, Loloft combines free purpose-built solutions such as shipping receipt and unloading services, loading dock access and daily carrier services with the traditional co-working amenities of high-speed WiFi, meeting rooms, phone booths, community engagement and flexible terms starting at three months.
The company helps smaller businesses to compete online by providing access to world-class warehouse facilities, architecturally-designed office spaces, and logistics technology normally only accessible to large corporations.
“Initially, we thought that Loloft would primarily attract small e-commerce companies that are fulfilling orders in their garages but looking to expand into a commercial warehouse space,” Howell said. “But we’re also finding large companies wanting to use our space as last-mile delivery micro-hubs because they can quickly and cost-effectively place product near customers to achieve same day delivery timeframes.”
Loloft is planning on opening its flagship location on Nov. 30, 2022. The 28,000-square foot space in downtown Rogers, Ark., is situated alongside the railway tracks and a 10-minute walk from the Onyx Coffee Headquarters.
“Pre-sales are strong, with over 52 percent of our available inventory already committed,” Howell said.
Members include small e-commerce companies moving out of their garages, startups working on hardware projects, Walmart vendors, and national brands wanting flexible micro-warehousing solutions within proximity of retail stores.
“The team at Loloft is excited to be part of the fledgling startup community in Northwest Arkansas,” Howell said. “We’re helping to enable early-stage companies by providing access to flexible space and building a community of like-minded entrepreneurs who can leverage our technology, commercial partners, and capital connections to help grow their businesses.”
For inquiries, contact Brendan Howell, CEO +1 415 767 6364, [email protected].
