Landis Acquires Real Estate Startup GoldenKey
NEW YORK, Sept. 17, 2018 — Landis, a platform using data science to help institutional real estate investors buy and sell residential real estate, announces its acquisition of GoldenKey, a well-funded startup that set out to disrupt real estate agents and unbundle the real estate industry.
Co-founded by Cyril Berdugo and Tom Petit, Landis helps large-scale investors buy and sell properties. These investors, who rent out those homes, can use Landis’ platform to perform all necessary steps for completing a transaction. The private platform creates a streamlined process by eliminating the hassle of dealing with the multiple listing services which have regional monopolies over real estate listing data.
“The single family rental space is incredibly exciting at the moment,” said Cyril Berdugo, cofounder at Landis. “We’re thrilled to leverage GoldenKey’s expertise to provide better service to sellers and bring more targeted deal flow to the large institutional investors that we’re proud to serve.”
“Our acquisition of GoldenKey’s technology makes it exceptionally easy for a homeowner or real estate investor to submit their portfolio to the Landis platform and receive offers from the largest, most relevant buyers,” said Tom Petit, co-founder at Landis. “We’re one step closer to our vision of bringing real estate into the 21st century with efficient, painless transactions for all real estate investors.”
“We know homeowners and real estate investors are looking for ways to save time and money when selling their off-market properties,” said Tommy Sowers, GoldenKey founder and CEO. “Landis’ industry leading experience and technology provides a perfect platform for sellers to get the best exposure for their off-market properties. We are proud and excited to be a part of Landis’s broad vision to lower costs and revolutionize the investor to investor transaction of property.”
Landis now works with 11 of the top 15 single family home buyers in the US, giving them a significant pool of real estate data to work with. This acquisition of GoldenKey gives Landis access to even more data and all of its IP to work with. Since launching in 2015, GoldenKey has raised $3.4 million from investors including Lowe’s Ventures and NFX Guild. The startup’s model offers home sellers either a set of unbundled services (listing, home showing, transaction coordination, etc.) or a flat rate bundle for selling their homes.
Landis is a NY-based company that allows investors to source and acquire portfolios of single family homes. The company uses advanced data science and machine learning to source off-market portfolios and match them with relevant buyers. Through its online platform, buyers and sellers can transact entire portfolios quickly and cost-efficiently. The company recently raised $2M in venture capital from Signia Venture Partners, Red Swan Ventures, Graph Ventures, Kima Ventures and Radical Ventures.