Landis Raises $165M in Debt And Series A Funding
Summary
Landis, a NYC-based startup that uses technology and data science to help renters reach homeownership, closed a $165m debt and Series A equity financing round. The Series A round was led by Sequoia Capital, with participation from Arrive, a Roc Nation company, Will Smith’s Dreamers VC as well as existing investor Signia Venture Partners and several entrepreneurs. Founded by Cyril Berdugo and Tom Petit, Landis is a social impact-driven company with a mission to guide renters on their path to purchasing a home. The company’s technology helps users save money and build an enhanced financial foundation through homeownership. The Landis Homeownership Coach mobile app (for iPhone) provides its users with a dashboard view of credit, down payment savings and debt, alongside the specific goals they need to reach to get a mortgage.