Total amount raised
$222 Million
Latest funding date
10/01/2022
Location
Landis has successfully raised funds through six rounds, with the latest being a Series B round. The company is backed by 18 investors, including notable names like Google Ventures and Arrive.
Keep reading to explore the intricacies of Landis's fundraising journey and the investors backing this innovative platform.
What Is Landis?
Landis is a company that helps renters transition to homeownership by advising them on what they need to do to qualify for a mortgage and purchase a home. The company operates in the Credit, FinTech, Real Estate, Residential, and Social Impact sectors.
Founded in New York, New York, Landis has an employee count ranging from 51 to 100. The company provides resources, success stories, and reviews to support and guide clients on their path to homeownership.
How Much Funding Has Landis Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: October 2018
- Lead Investors: Signia Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and begin operations.
- Debt Financing
- Amount Raised: USD 15,000,000
- Date: August 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its financial resources.
- Series A
- Amount Raised: Not publicly disclosed
- Date: April 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance service offerings.
- Series A
- Amount Raised: USD 165,000,000
- Date: July 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations from 29 cities in 11 states to over 50 cities.
- Debt Financing
- Date: July 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the company's expansion and financial stability.
- Series B
- Amount Raised: USD 40,000,000
- Date: October 2022
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the financial education program, enter new markets, and grow the team.
Total Amount Raised: USD 222,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. It provides seed, venture, and growth-stage funding to technology companies.
- Investment Focus Areas: Life Sciences, Consumer Products, Artificial Intelligence, Robotics, Transportation, Cybersecurity
- Notable Investments: Uber, Nest, Slack, Medium, Flatiron Health
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm that invests in early and growth-stage companies. It is known for its investments in technology and healthcare sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer Services, Financial Services, Enterprise
- Notable Investments: Apple, Google, Oracle, PayPal, YouTube
- Jay Z's Roc Nation fund Arrive
- Details: Arrive is a venture capital fund associated with Jay Z's entertainment company Roc Nation. It focuses on early-stage startups.
- Investment Focus Areas: Technology, Consumer Products, Entertainment
- 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. It focuses on real estate technology companies.
- Investment Focus Areas: Real Estate Technology, PropTech
- Notable Investments: DocuSign, SentriLock, HouseCanary
- Signia Venture Partners
- Details: Signia Venture Partners is a venture capital firm that invests in early-stage technology companies. It focuses on sectors such as consumer technology, enterprise software, and healthcare.
- Investment Focus Areas: Consumer Technology, Enterprise Technology, FinTech, Healthcare Technology
- Notable Investments: Boxed, Cruise Automation, Playdom, Shipt, SimplyInsured
What's Next for Landis?
Landis is poised for significant growth as it continues to expand its financial education and coaching programs, helping more renters transition to homeownership. With the recent $40 million Series B funding, the company plans to enhance its services and enter new markets, leveraging the increased demand for stable homeownership solutions.
Future fundraising opportunities seem promising, given the company's rapid growth and the backing of high-profile investors. This financial support will likely enable Landis to scale its operations and develop new tools to assist clients and partners. However, challenges such as market volatility and rising interest rates could pose obstacles, requiring strategic planning and adaptability to ensure long-term success.
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