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.
The company, which has raised $182m since launch, intends to use the funds to continue to expand operations and its business reach.
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 company also helps real estate agents nationwide as the agents who refer clients to Landis represent Landis when the company buys a home for the client.
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. The app also suggests actions that users can take to advance on their journey towards homeownership.