NEW YORK–(BUSINESS WIRE)–Landa, a real estate investment firm, today announced a $25 million Series A funding round, bringing its total equity to $33 million, with the inclusion of a $8 million seed round previously raised. The company also raised $62 million in debt financing. Through a condominium model, Landa allows individuals to access the real estate market for as little as $5. The funding was led by investors including NFX, 83North and Viola Ventures.
Real estate is one of the most lucrative investments you can make, but traditional homeownership is increasingly out of reach. Driven by the belief that regardless of age, income or background, everyone should have the opportunity to invest in real estate, Landa breaks down traditional barriers to entry and empowers individuals to build a real estate. With 22,000 investors using the app and managing over 400 units across seven markets, Landa enables individuals to benefit from long-term investing while enjoying dividend income on their properties.
“There is a huge appetite to enter this market among the many people who cannot participate in traditional real estate investing,” said Landa co-founder and CEO Yishai Cohen. “Landa makes it easy to invest in individual properties and fully manage your portfolio from a smartphone.”
The easy to use and highly secure interface allows investors to browse properties, buy stocks and get a simple overview of their portfolios. Landa also provides free educational tools to help individuals learn the ropes of real estate and create a smart portfolio.
“Investing in real estate has always proven to be one of the most reliable ways to build wealth, but it is 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 allowing anyone to invest in income-generating properties for as little as $5, Landa opens up access to hundreds of millions of people.”
Through a responsible property management structure, Landa ensures that each accommodation offered is safe and well maintained for tenants. From the selection and acquisition of properties, to the management of maintenance requests and the collection of rents, all the management logistics are taken care of by the Landa team. This provides a simple and quality experience for all stakeholders involved.
Landa currently has properties in Atlanta and New York and will soon launch in Charlotte, Birmingham, Tampa, Orlando and Jacksonville.
For more information and to download the Landa app, click here.
Landa was founded in New York by Yishai Cohen and Amit Assaraf to enable everyone to access and benefit from investing in real estate, regardless of income. Landa buys properties, divides them into shares for investors and rents them out. Investors have the opportunity to make a long-term investment while enjoying dividend income from their properties. To learn more, visit Landa.app or follow us on Instagram, Twitterand LinkedIn.