Building something new in the world is tough and often an uphill climb. On the daily, what makes it all worthwhile are the stories of people like Emily or Rose and Rich, who represent the folks we get to partner with; it reminds us of the power of upholding those who uphold our communities everyday: our teachers, nurses, first-responders, and other essential professionals.
Today, we have something else worth celebrating: with a new Series B investment in our company, we’ve never been more set up to achieve our mission of helping essential professionals build financial security in the communities they serve. This money will be used to build out the infrastructure necessary to scale products like our flagship shared equity down payment product and expand the kinds of tools we can offer essential professionals as they strive to increase the level of financial stability and security in their lives.
I’m proud of the team who has gotten us here. I’m honored to be a part of a wider village of supporters and partners who have gotten us here. I’m excited to see all the new faces of those yet to join to help us take full advantage of this opportunity and truly scale what we are offering — to that end, we’re hiring!
Check out the official announcement below, and if you’re an essential professional interested in learning more, reach out to our team at Landed here.
Landed’s $31M Series B Round Will Scale Shared Equity Down Payment Program
for Teachers, Nurses, First-Responders
Learn Capital and Navitas Capital lead $31M venture round to drive scalability of company’s product offerings and impact
SAN FRANCISCO – Landed – a fintech company aimed at helping essential professionals like teachers, nurses and first-responders buy homes and build financial security – today announced a $31M Series B venture round. This brings the total equity and debt raised to date by Landed to nearly $140M to scale its flagship shared equity down payment program. This latest fundraising round is led by Learn Capital and Navitas Capital, and includes new investors First American Financial and MassMutual Ventures, with continued participation by previous backers OMERS Ventures, Initialized Capital, and Ulu Ventures.
“This investment will allow Landed to scale its products across the U.S., ensuring we reach every essential professional who wants to build their financial security while serving their communities,” said Jonathan Asmis, Landed CEO and Co-founder. “Scaling our tools and products that help build financial security means we’ll be able to support any essential professional no matter where along their financial journey they might be.”
Landed's down payment program invests alongside employees working in education, government, and healthcare to help them reach a 20% down payment. Landed's funds come in the form of an equity investment, meaning that homebuyers share a portion of the gain – or loss, if any – of the value of the home once the partnership is ended.
“With its novel approach to supporting education and other critical services our communities need to thrive by focusing on building financial security for those in essential jobs. Landed is poised to be a dominant force in the fintech space,” said Brook Bisrat, Partner at Learn Capital. “Learn shares Landed’s vision of harnessing technology’s potential to deliver better outcomes, especially when it comes to our nation’s education system.”
"Landed is leveling the playing field in the housing affordability problem, which has only worsened during the pandemic. It’s a creative win-win approach from both a social and economic perspective in the massive residential real estate transaction market, using its technology to serve those who serve our communities," said Louis Schotsky, Managing Partner at Navitas Capital. "We’re thrilled to add more fuel to Landed's continued growth and success."
The company supports essential professionals on the path to homeownership by helping them navigate all of their options for buying a home, including Landed's own shared equity down payment program, trusted partners and guidance. Since its founding in 2015, Landed has helped essential professionals purchase over $500M worth of homes, amassing over $50M of wealth in over 300 cities nationwide. From its initial partnerships with just five San Francisco Bay Area public school districts, Landed has grown to over 3,600 employer job sites in the education, healthcare and local government industries, representing over 300,000 essential professionals.
“Landed was founded on the principle that we must uphold those who uphold us – our educators, healthcare workers and first-responders. We set out to do this by providing tools to help them build financial security,” said Alex Lofton, Landed Co-founder and the company’s Head of Culture & Brand. “Many of these families – especially families of color – don’t have access to the ‘bank of mom and dad’ for a down payment on a home, so the more people we can help access homeownership to build intergenerational wealth, the more we are able to chip away at wealth inequality in this country and around the world.”