Landis operates a program that buys a home in an all-cash offer on behalf of a client, rents the home to that client, and provides personalized coaching to help the client qualify for a mortgage and repurchase the property. The company was founded in 2018 by Cyril Berdugo and Tom Petit and is based in New York. Landis runs a two-year coaching program focused on improving credit and savings milestones; it does not charge for coaching and earns revenue when it buys and later sells homes. The company declined to disclose revenue metrics but said its valuation increased with the new round. Since 2021 Landis has expanded from operating in 29 cities across 11 states to over 50 markets, its team has grown threefold, and applications to its program have increased more than seven times year-over-year. The new capital will be used to expand the coaching program (including a $2M allocation), enter new markets, and grow the team. Landis buys homes for prospective buyers who cannot yet qualify for a mortgage, rents the homes to them, and helps clients save, build credit, and become mortgage-ready within 12–24 months using underwriting technology and individualized coaching. The company provides a Landis Homeownership Coach mobile app (now free on iPhone) that dashboards credit, down payment savings, and debt with actionable insights. Clients are typically referred by real estate agents and mortgage lenders and are often held back by poor credit, lack of down-payment savings, or existing debt. Landis emphasizes financial literacy and partnership-style relationships rather than traditional landlord-renter dynamics. The company operates in 29 cities across 11 states and plans to expand to 20 states by next year. Founders Cyril Berdugo and Tom Petit launched Landis in 2018 and are focused on expanding headcount and improving user experience to scale impact. Landis operates a New York City marketplace enabling institutional investors to source and acquire portfolios of single-family homes. The company uses advanced data science and machine learning to source off-market portfolios and match them with relevant buyers. Typical portfolios comprise 10 to 50 properties, allowing buyers to scale quickly in target geographies. Landis counts as clients the largest residential investors in the U.S., which collectively have $200 billion of assets under management. The company was co-founded in 2017 by Cyril Berdugo and Tom Petit and recently acquired competitor GoldenKey. It plans to use new funding to build its team, improve its technology and better communicate its value to real estate owners.

Total raised

$207M

Funding rounds

4

Latest round

Series B

Latest activity

Oct 2022