This is the Landis pitch deck to raise a $165m series-a round in 2021.
About
Landis helps renters become homeowners. They allow their customers to select their dream home, rent it and purchase it anytime in the first twelve months. They also help customers build up their credit and down payments. Landis is also specializing in commercial, real estate technology, and residential. It also provides with a transparent and easy process to transition seamlessly from renting to owning. Landis was founded in 2018 and is headquartered in New York, NY, USA.
Landis founders Cyril Berdugo and Tom Petit thought they were “moving quickly” to build their fintech startup, until venture capital firm Sequoia gave them a wake-up call, challenging them “to move even quicker,” Petit said.
Now the powerhouse firm is leading the company’s $165 million Series A in debt and equity financing. Other investors in the round include Will Smith’s Dreamers VC, Jay Z’s Arrive, and the founders of Plaid, Cash App, and Instacart.
Landis works to help Americans on their path to home ownership. When someone is denied a mortgage, they can turn to Landis, which will review their finances and decide if they might qualify for a mortgage within the year. The startup will then buy a house and rent it to the client, putting part of the rent towards a down payment. Once the client is ready for a mortgage, they buy the house from Landis and begin paying off their mortgage.
The founders said it wasn’t hard to sell investors on their mission.
“It’s easier when the problem is so clear,” Petit said. “Everyone knows homeownership in this country is an issue.”
The new funds will be used to hire and expand its operations, growing from its current 11 markets to 20 by the end of the year.
Funding Rounds
Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
Jul 27, 2021 | Series A – Landis | 5 | $165M |
Sequoia Capital
|
Aug 24, 2019 | Debt Financing – Landis | — | $15M | — |
Oct 8, 2018 | Seed Round – Landis | 9 | $2M |
Signia Venture Partners
|
Pitch Deck Review Summary
Slide by Slide Review
Deck Collection
See the rest of the collection here:
Comments (0)
There are no comments yet :(