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- Landis
Landis Funding, Investors & Competitors
Landis has raised $207M across 3 funding rounds, most recently a $40M Series B in October 2022.
Last Landis funding round
$40M
Series B · Oct 2022
Cumulative funding Landis raised
$207M
across 3 funding rounds
Key investors in Landis
Signia Venture Partners
Sequoia Capital
Unpopular Ventures
Operator Partners
Arrive
GV
Kima Ventures
Graph Ventures
About Landis
Landis is a New York-headquartered proptech company facilitating rent-to-own transitions for renters. Customers select homes, rent with flexible purchase options within the first year, and receive support for credit building and down payments across residential and commercial properties.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Sectors
Landis Funding History
Landis has raised a total of $207M across 3 funding rounds.
Landis' first fundraising round was a $2M seed round in October 2018. The most recent completed round was a $40M Series B in October 2022.
Landis funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2022 | Series B | GV (lead); Signia Venture Partners; Second Century Ventures; Sequoia Capital; Team Builder Ventures; Arrive; Operator Partners | $40M | - |
| Jul 2021 | Series A | Sequoia Capital (lead); Signia Venture Partners; Arrive; Unpopular Ventures; Operator Partners; Dreamers VC | $165M | Landis is a fintech and proptech startup that helps renters achieve homeownership by purchasing homes on their behalf, renting them back while applying part of the rent toward a down payment, and providing financial literacy and coaching until clients qualify for mortgages. The company targets underserved renters facing credit, down payment, or debt issues, operating initially in 29 cities across 11 states like Alabama, Georgia, Indiana, and others, with plans to expand to 20 states. Founded by Cyril Berdugo and Tom Petit, Landis uses data science and technology for personalized coaching. In July 2021, Landis closed a $165 million fundraise combining debt and Series A equity, led by Sequoia Capital, with participation from Arrive (Roc Nation/Jay-Z), Dreamers VC (Will Smith), Signia Venture Partners, Operator Partners, Unpopular Ventures, and founders from Plaid, Cash App, Ethos, Instacart, Front, Flatiron Health, and Tango. This brought total funding to $182 million since launch, following a $2M seed in 2018 and $15M debt in 2019. Funds were allocated to expand operations, hire staff, improve user experience, and grow from 11 to 20 states by year-end. |
| Oct 2018 | Seed | Signia Venture Partners (lead); Red Swan Ventures; Joel Peterson; Nav Athwal; Graph Ventures; Radical Ventures; Unpopular Ventures; Counterpart Advisors; Kima Ventures; French Partners | $2M | - |
Who has invested in Landis?
17 investors have backed Landis across its funding rounds, including Signia Venture Partners, Sequoia Capital, Unpopular Ventures, Operator Partners, Arrive and GV.
Lead investors include GV, Sequoia Capital and Signia Venture Partners.
Landis Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2018 | ||
| 2 | Lead | Jul 2021 | ||
| 2 | Participant | Jul 2021 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Participant | Jul 2021 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Lead | Oct 2022 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2022 | ||
This data is available for Pro users. Sign up to see all 17 Landis investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Landis
Landis has acquired 1 company to date.
Last acquisition by Landis was on September 4th 2018. Landis acquired GoldenKey for undisclosed valuation.
Latest Acquisitions by Landis
| Description | GoldenKey is a San Francisco-based real estate platform enabling commission-free home buying and selling. Rebranded from Solopro in 2020, it uses on-demand tech for listings, virtual tours, and instant offers, processing over 1,000 transactions yearly in California. The service integrates blockchain for title transfers and partners with lenders for seamless closings. |
| HQ Country | |
| HQ City | Durham, NC |
| Deal Date | 4 Sep 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Landis acquisitions and their M&A valuation multiples. Start Free Trial | |
Landis Competitors
Landis competitors include listed companies like LendInvest and Parvis Invest, and private ones like Snapdocs, Nesto, Avenue One and Homeward.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $152M | - | $1.5B | 9.9x | ||
| Private | $300M | - | $1.1B | 3.5x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $800M | - | ||
| Publicly listed | $139M | $47M | $54M | 20.9x | ||
| Publicly listed | $2M | ($818K) | $7M | - |
Landis Public Comps
Landis is still privately-owned, but its public comps include Brookfield, Brookfield Asset Management, American Healthcare REIT, Charter Hall Group, Piramal Finance, Rithm Capital, Mirvac Group, Millrose Properties, State Grid Yingda and Fibra Mty.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $75B | $32B | 6.1x | 59.5x | 14.4x | 64.8x | |||
| $4.6B | $3.2B | 17.6x | 13.6x | 25.1x | 24.6x | |||
| $2.3B | $360M | 5.8x | 4.9x | 36.3x | 27.5x | |||
| $319M | - | 20.4x | 10.8x | - | 13.0x | |||
| $1.1B | $179M | 12.1x | 18.9x | 73.1x | - | |||
| $2.9B | - | 14.1x | 7.4x | - | - | |||
| $1.8B | $524M | 4.1x | 4.7x | 14.4x | 12.4x | |||
| $600M | $484M | 12.0x | 9.6x | 14.9x | 11.2x | |||
This data is available for Pro users. Sign up to see all Landis competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Landis
| When was Landis founded? | Landis was founded in 2018. |
| Where is Landis headquartered? | Landis is headquartered in New York City, NY, United States. |
| Is Landis publicly listed? | No, Landis is a private, VC-backed company. |
| How much funding has Landis raised? | Landis has raised $207M across 3 funding rounds. |
| What was Landis' last funding round? | Landis' last funding round was a $40M Series B in October 2022, led by GV. |
| Who are Landis' investors? | Landis' investors include Signia Venture Partners, Sequoia Capital, Arrive, Unpopular Ventures, Operator Partners, Red Swan Ventures, Joel Peterson, Nav Athwal, GV, Graph Ventures and 7 others. |
| Which companies are comparable to Landis? | Companies comparable to Landis include Snapdocs, Nesto, Avenue One, Homeward, LendInvest and Parvis Invest. |
| How many companies has Landis acquired? | Landis has acquired 1 company, including GoldenKey. |
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