Total amount raised
$350 Million
Latest funding date
08/01/2022
Location
Landing has participated in 9 funding rounds, attracting investors such as Foundry Group and Delta-v Capital. The company offers a membership-based network for apartment rentals, providing fully-furnished apartments with premium amenities in over 250 U.S. cities.
Keep reading to explore the intricacies of Landing's fundraising journey and the investors backing this innovative platform.
What Is Landing?
Landing is a membership-based network offering a subscription model for apartment rentals. The company operates in the real estate, rental, rental property, and residential industries. Based in Birmingham, Alabama, Landing provides fully-furnished apartments with premium amenities in over 250 U.S. cities.
With an employee count ranging from 251 to 500, Landing emphasizes convenience and comfort, catering to both short-term and long-term stays. Their services include corporate housing, flexible stay options, and 24/7 support, all managed through their app. The company also runs a charitable initiative called Homes for Healing, providing no-cost housing for families traveling for pediatric care.
How Much Funding Has Landing Raised?
- Seed Round
- Amount Raised: USD 5,000,000
- Date: March 2019
- Lead Investors: Bill Smith
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and establish initial operations.
- Series A
- Amount Raised: USD 20,000,000
- Date: December 2019
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the network of furnished apartments and enhance the platform.
- Debt Financing
- Amount Raised: USD 10,000,000
- Date: December 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and further expansion.
- Series B
- Amount Raised: USD 45,000,000
- Date: January 2021
- Lead Investors: Foundry Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market presence.
- Debt Financing
- Amount Raised: USD 55,000,000
- Date: January 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the rapid expansion and operational needs.
- Debt Financing
- Amount Raised: USD 90,000,000
- Date: July 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the apartment network and enhance service offerings.
- Series C
- Amount Raised: USD 75,000,000
- Date: August 2022
- Lead Investors: Delta-v Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the network of apartments and solidify market leadership.
- Debt Financing
- Amount Raised: USD 50,000,000
- Date: August 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and market expansion.
- Debt Financing
- Amount Raised: USD 180,000,000
- Date: May 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance service offerings.
Total Amount Raised: USD 530,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Delta-v Capital
- Details: Delta-v Capital is a growth equity firm that invests in technology and software companies. They led the Series C funding round for Landing.
- Investment Focus Areas: Technology, software, wellness, lifestyle tech.
- Notable Investments: Cloud Elements, LogRhythm.
- Foundry Group
- Details: Foundry Group is a venture capital firm that invests in early-stage technology companies. Chris Moody from Foundry Group is involved in the Series C funding round for Landing.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Fitbit, SendGrid, Zynga.
- Greycroft
- Details: Greycroft is a venture capital firm that invests in internet and mobile companies. They participated in the Series C funding round for Landing.
- Investment Focus Areas: Internet, mobile, technology, media, consumer products.
- Notable Investments: Venmo, The RealReal, Scopely.
- Bill Smith
- Details: Bill Smith is an entrepreneur and investor, known for founding Landing. He was the lead investor in the seed round for Landing.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a well-known venture capital firm that has invested in various high-profile startups. They are involved in the flexible living and corporate housing sector.
- Investment Focus Areas: Technology, software, consumer, enterprise, bio/healthcare, crypto, fintech.
- Notable Investments: Facebook, Airbnb, Lyft, Slack, Coinbase.
What's Next for Landing?
Landing is poised to capitalize on the growing demand for flexible living solutions, driven by the rise of remote work and changing lifestyles. With over 20,000 listings across more than 375 U.S. cities, the company has a significant opportunity to expand its network and enhance its service offerings. The recent $125 million funding round will enable Landing to scale operations and solidify its market position.
Future fundraising opportunities appear promising as the company continues to demonstrate growth and profitability. Investors are likely to be attracted by Landing's innovative approach and the increasing consumer interest in flexible living options. However, the company will face challenges such as competition from other well-funded startups and managing the logistics of a rapidly expanding network. Ensuring a consistent and high-quality user experience will be crucial for maintaining customer satisfaction and retention.
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