Total amount raised
$350 Millions
Latest funding date
08/01/2022
Location
Landing has successfully raised funds through multiple rounds, with its latest Series C round occurring on August 25, 2022. The company is backed by seven investors, including Foundry Group and Delta-v Capital.
Keep reading to explore the intricacies of Landing's fundraising journey and the investors backing this innovative platform.
What Is Landing?
Landing, founded in March 2019 by Bill Smith, is headquartered in Birmingham, Alabama. The company operates a membership-based network offering flexible, furnished apartments across the United States.
With a focus on providing a high-NPS, tech-enabled rental experience, Landing offers stays ranging from 30 days to multi-year reservations. Their services include cleaning, parking, turnkey utilities, internet, moving assistance, and pet services.
Landing employs between 251-500 people and operates in over 375 U.S. cities, aiming to revolutionize apartment living with a seamless, tech-powered experience.
How Much Funding Has Landing Raised?
- Seed Round
- Amount Raised: $5M
- Date: March 2019
- Lead Investors: Bill Smith
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and develop its initial product offering.
- Series A
- Amount Raised: $20M
- Date: December 2019
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's network of furnished apartments and enhance its technology platform.
- Series B
- Amount Raised: $45M
- Date: January 2021
- Lead Investors: Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market presence in more U.S. cities.
- Series C
- Amount Raised: $125M
- Date: August 2022
- Lead Investors: Delta-v Capital, Greycroft, Foundry
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding Landing's network of apartments across the U.S. and meet the growing demand for flexible living options.
- Debt Financing
- Amount Raised: $10M
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Debt Financing
- Amount Raised: $55M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional capital for scaling operations and expanding market reach.
- Debt Financing
- Amount Raised: $90M
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the company's rapid growth and operational needs.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional financial flexibility for ongoing expansion efforts.
Total Amount Raised: $350M
Current Valuation: Not publicly disclosed
Key Investors
- Delta-v Capital
- Details: Delta-v Capital is a venture capital firm that led the Series C funding round for Landing. The firm is known for its focus on growth-stage technology companies.
- Investment Focus Areas: Wellness and Lifestyle Tech, Technology, Growth-stage companies
- Notable Investments: Cloud Elements, LogRhythm
- Foundry Group
- Details: Foundry Group is a venture capital firm that participated in the Series C funding round for Landing. The firm invests in early-stage technology companies and has a history of supporting innovative solutions.
- Investment Focus Areas: Technology, Early-stage companies, Innovative solutions
- Notable Investments: SendGrid, Fitbit, Zynga
- Greycroft
- Details: Greycroft is a venture capital firm that participated in the Series C funding round for Landing. The firm typically invests in early to growth-stage companies across various sectors.
- Investment Focus Areas: Early-stage companies, Growth-stage companies, Various sectors
- Notable Investments: Venmo, Braintree, The RealReal
- Bill Smith
- Details: Bill Smith is the founder of Landing and led the seed round of funding. He is an entrepreneur known for his innovative approach to business.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Landing?
Landing's future looks promising as it capitalizes on the growing demand for flexible living solutions. With a network of over 20,000 furnished apartments in 375 cities, the company is well-positioned to meet the needs of remote workers and corporate clients. The recent $125 million funding will enable Landing to expand its offerings and enhance its technology platform, providing a seamless living experience for its members.
Future fundraising opportunities appear bright, given the strong investor confidence and market demand. As Landing continues to grow, it may attract further investment to scale operations and potentially acquire smaller companies to expand its network. However, the company will need to navigate challenges such as competition from other flexible living platforms and maintaining quality control across its expanding network.
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