Total amount raised
$15.3 Millions
Latest funding date
4/1/2022
Location
Landed has successfully raised significant funding through multiple rounds, with notable investors such as OMERS Ventures and Learn Capital backing the company. The platform offers financial solutions, a network of trusted agents and lenders, and homebuying education to help essential professionals buy homes and build financial security.
Keep reading to explore the intricacies of Landed's fundraising journey and the investors supporting this innovative platform.
What Is Landed?
Landed, founded in June 2015, is based in San Francisco, California. The company was established by Alex Lofton, Jesse Vaughan, and Jonathan Asmis.
Specializing in helping essential professionals buy homes, Landed offers financial solutions, a network of trusted agents and lenders, and homebuying education. Their services are tailored to support those working in education and healthcare.
With a small but dedicated team of 1-10 employees, Landed is committed to building financial security for essential professionals near the communities they serve.
How Much Funding Has Landed Raised?
- Pre-Seed Round
- Amount Raised: $120K
- Date: March 2016
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop the initial platform.
- Seed Round
- Amount Raised: $4M
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's features.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and increase market reach.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and support more homebuyers.
- Series A
- Amount Raised: $7.5M
- Date: April 2019
- Lead Investors: Initialized Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the service offerings and enter new markets.
- Series A
- Amount Raised: $10.5M
- Date: June 2020
- Lead Investors: OMERS Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and increase customer acquisition.
- Series B
- Amount Raised: $31M
- Date: September 2021
- Lead Investors: Learn Capital, Navitas Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and improve financial solutions for homebuyers.
Total Amount Raised: $53.12M. Current Valuation: Not publicly disclosed.
Key Investors
- OMERS Ventures
- Details: OMERS Ventures is a venture capital firm that invests in early to late-stage companies. It is part of OMERS, one of Canada's largest pension funds.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Shopify, Hopper, DuckDuckGo.
- Learn Capital
- Details: Learn Capital is a venture capital firm focused on funding and supporting education technology companies. They aim to transform the global education landscape through innovative solutions.
- Investment Focus Areas: Education technology, online learning, workforce development.
- Notable Investments: Coursera, Udemy, Andela.
- Initialized Capital
- Details: Initialized Capital is an early-stage venture capital firm founded by Garry Tan and Alexis Ohanian. The firm focuses on investing in high-potential startups.
- Investment Focus Areas: Technology, software, consumer products.
- Notable Investments: Coinbase, Instacart, Reddit.
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups since 2005. It provides seed funding, mentorship, and resources to early-stage companies.
- Investment Focus Areas: Technology, software, healthcare.
- Notable Investments: Airbnb, Dropbox, Stripe.
- Navitas Capital
- Details: Navitas Capital is a venture capital firm that invests in technology companies transforming the real estate and construction industries. They focus on innovative solutions that enhance efficiency and sustainability.
- Investment Focus Areas: Real estate technology, construction technology, sustainability.
- Notable Investments: Matterport, PlanGrid, Honest Buildings.
What's Next for Landed?
Landed is poised to capitalize on the growing demand for homeownership among essential professionals. With the real estate market showing signs of robust growth, the company has a significant opportunity to expand its services and reach more customers. This potential for growth could attract further investment, enabling Landed to enhance its technology and broaden its market presence.
Future fundraising efforts will likely focus on scaling operations and improving financial solutions. However, challenges such as market volatility and competition from other real estate platforms may pose hurdles. Navigating these challenges will be crucial for Landed's continued success and expansion.
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