# Landed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/landed

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.landed.com
- Total disclosed funding: $58M
- Latest round: Series B (Sep 15, 2021)
- Investors on record: 14

## About

Based in the US, Landed, Inc. provides innovative down payment assistance solutions for essential professionals, enabling homeownership access through shared appreciation programs.Landed, Inc. was founded in 2015 and is headquartered in San Francisco, US. The company specializes in down payment assistance programs aimed at helping teachers and healthcare workers achieve homeownership. The founder team includes Alex Lofton, Erynn Montgomery, Jesse Vaughan, John Montgomery, and Jonathan Asmis, with Jonathan Asmis serving as CEO. Landed has successfully completed six funding deals, with the most recent being a SERIES B round in September 2021, raising USD 31.00 mn from investors including Learn Capital, Navitas Capital, and First American Financial Corporation. The total amount raised by the firm now stands at USD 31.00 mn, with a current company valuation of USD 148.36 mn.Landed's core offering is the development and management of shared appreciation down payment assistance programs which provide essential professionals such as teachers and healthcare workers with financial support for homeownership. These programs create a self-renewing capital pool, allowing homebuyers to lower their down payment barriers while keeping their monthly mortgage payments affordable. Landed collaborates with employers, city and state governments, and organizations to tailor solutions that empower historically underserved communities. The company's programs have been implemented in 25 states across the United States, demonstrating a broad reach in addressing housing access challenges.Landed generates revenue through partnerships with employers and government entities, establishing down payment assistance programs that align with their funding capabilities. These transactions involve setting up customized programs where employers or municipalities contribute to a shared appreciation fund for eligible homebuyers. This structure allows for a mutually beneficial relationship, recycling capital as homebuyers exit the program and ensuring ongoing financial viability. The focus is on creating programs that require minimal effort to launch and manage, providing straightforward solutions for organizations enhancing community support initiatives.In September 2021, Landed, Inc. raised USD 31.00 mn in SERIES B funding co-led by Learn Capital and Navitas Capital, with participation from First American Financial Corporation and MassMutual Ventures. The company plans to utilize the funding to scale its products across the US market. Landed aims to enhance its offerings by designing new programs tailored to various markets, thereby expanding its reach into additional geographic regions.

## Funding rounds

- Series B, Sep 15, 2021, $31M — Navitas Capital, Ulu Ventures, OMERS Ventures, Learn Capital, Initialized Capital, MassMutual Ventures, First American Financial Corporation
- Series A, Jun 24, 2020, $11M — OMERS Ventures, Initialized Capital
- Series A, Apr 5, 2019, $7.5M — Ulu Ventures, Initialized Capital
- Series A, Jun 14, 2017, $5M — Chan Zuckerberg Initiative
- Seed, Dec 20, 2016, $4M — Comcast Ventures, Lowe's Companies Ventures, Ulu Ventures, OVO Fund, Elefund, Clocktower Technology Ventures
- Seed, Nov 1, 2015, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed
- Lowe's Companies Ventures (https://capitalatlas.ai/funds/lowe-s-companies-ventures) — Seed
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed, Series A, Series B
- OVO Fund (https://capitalatlas.ai/funds/ovo-fund) — Seed
- Elefund (https://capitalatlas.ai/funds/elefund) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Chan Zuckerberg Initiative (https://capitalatlas.ai/funds/chan-zuckerberg-initiative) — Series A
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A, Series B
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series A, Series B
- Navitas Capital — Series B
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Series B
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series B
- First American Financial Corporation — Series B