Total amount raised
$222 Millions
Latest funding date
10/01/2022
Location
Landis has successfully raised funds through multiple rounds, including a Series B round, with notable investors such as Google Ventures and Arrive. The company focuses on helping renters transition to homeownership by guiding them through the process of getting a mortgage and buying a home.
Keep reading to explore the intricacies of Landis's fundraising journey and the investors backing this innovative platform.
What Is Landis?
Landis, founded in 2018, operates in the real estate and fintech industries, focusing on helping renters transition to homeownership. The company is headquartered in New York, NY, and was founded by Cyril Berdugo and Tom Petit.
With an employee count ranging from 51 to 100, Landis offers a program that allows clients to rent their dream home and purchase it within twelve months. The company also provides guidance on building credit and saving for a down payment.
How Much Funding Has Landis Raised?
- Seed Round
- Amount Raised: $2M
- Date: October 2018
- Lead Investors: Signia Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial platform for helping renters transition to homeownership.
- Debt Financing
- Amount Raised: $15M
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide the necessary capital for purchasing homes on behalf of clients.
- Series A
- Amount Raised: $165M
- Date: July 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, expand market reach, and increase the number of clients served.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: July 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and provide additional capital for home purchases.
- Series A
- Amount Raised: Not publicly disclosed
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Series B
- Amount Raised: $40M
- Date: October 2022
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the homeownership coaching program, expand the team, and enter new markets.
Total Amount Raised: $222M. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures (GV)
- Details: Google Ventures is the venture capital investment arm of Alphabet Inc., providing seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Uber, Nest, Slack
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm known for investing in early and growth-stage companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Apple, Google, WhatsApp
- Signia Venture Partners
- Details: Signia Venture Partners is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Consumer technology, enterprise software, healthcare
- Notable Investments: Boxed, Cruise Automation, Inboard Technology
- Jay-Z’s Roc Nation fund Arrive
- Details: Arrive is a venture capital fund under Roc Nation, focusing on early-stage startups.
- Investment Focus Areas: Early-stage startups, technology, consumer products
- Notable Investments: Robinhood, Devialet, InSite Applications
- National Association of Realtors’ Second Century Ventures
- Details: Second Century Ventures is the strategic investment arm of the National Association of Realtors, focusing on real estate technology.
- Investment Focus Areas: Real estate technology, innovation
- Notable Investments: DocuSign, SentriLock, HouseCanary
What's Next for Landis?
Landis stands at the cusp of significant growth opportunities, driven by its mission to make homeownership accessible to more Americans. With the recent $40 million Series B funding, the company plans to expand its homeownership coaching program, enter new markets, and enhance its technology platform. The potential for growth is substantial, given the increasing demand for innovative solutions in the real estate sector.
Future fundraising opportunities appear promising as Landis continues to attract high-profile investors and sees a surge in applications. The company may seek additional funding rounds to support its ambitious expansion plans and further develop its service offerings. However, challenges such as navigating regulatory compliance, managing market volatility, and facing competition from other proptech companies could pose hurdles along the way.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Landis and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
