Landa raises $25 million Series A for inclusive real estate investing platform
Landa raises $25 million Series A for inclusive real estate investing platform
Through a fractional ownership model, the Israeli-founded startup enables individuals to access the real estate market for as little as $5
Israeli-founded startup Landa, a real estate investing company, announced on Wednesday that it has completed a $25 million Series A funding round, bringing its total equity raised to $33 million with the inclusion of a previously raised $8 million Seed round. The company has also raised $62 million in debt financing.
Through a fractional ownership model, Landa enables individuals to access the real estate market for as little as $5. The funding was led by investors including NFX, 83North, and Viola Ventures.
While real estate is one of the most lucrative investments someone can make, traditional home ownership is becoming increasingly unattainable. Landa aims to break down the traditional barriers to entry, with 22,000 investors currently using the app and managing over 400 units across seven markets.
“There is a huge appetite to access this market among the many people who can’t participate in traditional real estate investing,” said Landa CEO Yishai Cohen, who founded the company with Amit Assaraf. “Landa makes it easy to invest in individual properties and fully manage your portfolio from a smartphone.”
Landa’s interface allows investors to browse properties, purchase shares, and have a simple overview of their portfolios. The company also provides free educational tools to help individuals learn the ropes of real estate and create a smart portfolio. Landa also makes sure that every home offered is safe and well maintained for tenants. From screening and acquiring properties, to addressing maintenance requests and collecting rent, all management logistics are handled by the Landa team.
Landa currently has properties in Atlanta and New York City and will soon be launching in Charlotte, Birmingham, Tampa, Orlando, and Jacksonville.
“Investing in real estate has consistently proven to be one of the most reliable ways to build wealth, yet it’s becoming increasingly out of reach for the vast majority of people due to rising prices and interest rates,” explained Gigi Levy-Weiss, General Partner at NFX. “By empowering anybody to invest in income-generating properties for as little as $5, Landa is opening access for hundreds of millions of people.”
