[ Landed raises $5M in Series A ]

Landed has raised $5 million in Series A funding.

Founded in 2015, Landed offers to pay up to half of the 20% home down payment for educators with zero interest or monthly payments. Instead, Landed recoups its investment when the home is sold or refinanced, assuming up to 25% of the appreciation or depreciation of the home’s value.

Today’s investment proves why Zuckerberg and Chan decided to make CZI an LLC rather than a traditional charity. Instead of just giving away the $5 million, these quasi-loans that can actually generate more money could become an evergreen fund for housing assistance.

Funding  Series A
Founded  2015
Country  USA
City  San Francisco, California
Founder / CEO  Jonathan Asmis
Deal Size  $5M
Investors  Chan Zuckerberg Initiative
Previous Investors  Y Combinator
 Elefund
 Comcast Ventures
 Ovo Fund,
 Ulu Ventures
 Peter Livingston