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Landed helps educators become homeowners using a shared equity down payment program, enabling a 20% down payment without income restrictions. The company partners with schools, districts, real estate agents, and nonprofits to reach educators and provides free homebuying education, property reviews, and personalized guidance from homebuying experts and partner agents. Landed invests alongside the buyer in the property's down payment, and when the home is sold or refinanced, Landed shares in the appreciation or depreciation of the home’s value. Revenues come from its equity stake in the property through the shared equity arrangement. The company targets a niche market of educators and essential professionals to improve financial security and help them live near the communities where they work, strengthening schools and local areas.
Industries
Financial Services
Real Estate
Company Size
1-10
Company Stage
Series B
Total Funding
$58.4M
Headquarters
San Francisco, California
Founded
2015
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Total Funding
$58.4M
Below
Industry Average
Funded Over
8 Rounds
Industry standards
In #proptech news, @LandedHomes has helped essential workers buy $500 million worth of homes. The company's $31 million Series B will help expand their shared-equity downpayment assistance program
Today, Landed announced a $31M Series B financing led by Learn Capital and Navitas Capital, along with other new investors, First American and MassMutual Ventures.
However, this is not the first time Landed has collaborated with the University of Utah.
Ogden City and Ogden School District have partnered with Landed, a financial company that has helped essential employees afford homes in high cost housing market areas like San Francisco and Boston.
Founded by Alex Lofton, Jesse Vaughan, and Jonathan Asmis in 2015, Landed has now raised a total of $22.1M in total equity funding and is backed by investors that include Initialized Capital and OMERS Ventures.
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Industries
Financial Services
Real Estate
Company Size
1-10
Company Stage
Series B
Total Funding
$58.4M
Headquarters
San Francisco, California
Founded
2015
Find jobs on Simplify and start your career today