We got an exclusive look at the pitch deck fintech startup Landis used to get $165 million in financing from investors like Sequoia
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- Real estate, fintech startup Landis raised a $165 million Series A in debt and equity financing.
- The round was led by Sequoia, with participation from Jay-Z and Will Smith’s venture funds.
- Landis uses data technology to help users secure mortgages.
Landis founders Cyril Berdugo and Tom Petit thought they were “moving quickly” to build their fintech startup, until venture capital firm Sequoia gave them a wake-up call, challenging them “to move even quicker,” Petit said.
Now the powerhouse firm is leading the company’s $165 million Series A in debt and equity financing. Other investors in the round include Will Smith’s Dreamers VC, Jay Z’s Arrive, and the founders of Plaid, Cash App, and Instacart.
Landis works to help Americans on their path to home ownership. When someone is denied a mortgage, they can turn to Landis, which will review their finances and decide if they might qualify for a mortgage within the year. The startup will then buy a house and rent it to the client, putting part of the rent towards a down payment. Once the client is ready for a mortgage, they buy the house from Landis and begin paying off their mortgage.
The founders said it wasn’t hard to sell investors on their mission.
“It’s easier when the problem is so clear,” Petit said. “Everyone knows homeownership in this country is an issue.”
The new funds will be used to hire and expand their operations, growing from its current 11 markets to 20 by the end of the year.
Here’s the pitch deck that Landis used to win over investors like Sequoia.