Loti raises $3.35 million

Loti , a company combining public adjusting services with technology to help homeowners manage property insurance claims, has raised $3.35 million from 17 investors, according to a November 12 SEC filing.

The equity offering targets approximately $5.1 million, leaving $1.75 million available to raise. The first sale occurred October 26. Proceeds will support working capital, including salaries.

Loti’s licensed public adjusters organize, document and negotiate claims on behalf of policyholders. The company divides claims into workstreams covering areas such as dwelling repairs, personal property and additional living expenses.

Its tools include 3D LiDAR scans, where available, to capture damaged properties’ measurements and layouts, and AI systems that organize records and identify missing information. Loti also uses Xactimate to prepare estimates in formats familiar to insurers.

Founder and CEO Mike Yurochko started the business after his family’s experience recovering from a 2019 California wildfire. After claims close, Loti offers annual policy reviews and guidance on home maintenance and risk reduction.