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Apartment “Subscription” Company Secures $125M in New Funding
Birmingham, AL-based Landing has closed a $125-million Series C through a combination of new equity and debt financings. The company is a membership model that offers move-in ready apartments with monthly leases; members can move freely throughout its nationwide network with only a two-week notice.
The round was led by Delta-v Capital with participation from new and existing investors, including Greycroft and Foundry. J.P. Morgan Securities LLC acted as Sole Placement Agent on the financing.
The fresh capital follows the company’s expansion into 33 markets and a 380% increase in memberships over the past year amid consumer interest in flexible living options. So far in 2022, there have been more reservations booked in the Landing network than all of 2021.
Landing will use the funding to continue expanding its network of 20,000 furnished apartments across more than 375 US cities to meet the growing demand for this emerging lifestyle.
- ◦Financing
