- June 20, 2017
- Posted by:
- Category: FundingSMEs.com
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.
|City||San Francisco, California|
|Founder / CEO||Jonathan Asmis|
|Investors||Chan Zuckerberg Initiative|
|Previous Investors||Y Combinator|