Landing, the company behind the first membership for flexible, long-term living, today announced it secured $100M in new funding: a $45M Series B led by Foundry Group with participation by Greycroft and Maveron, alongside a $55M debt facility. With an influx of fresh capital and a rapidly growing membership base, the company will continue expanding its growing network of apartments to new markets across the country.
The appetite for flexible living has been building for years… Landing has quickly accelerated its business to meet the new demand. Since March 2020, Landing has more than doubled its expansion plans for the year, surpassing over 10,000 apartments in 75 cities across the country. This rapid growth underscores the massive opportunity that Landing uniquely meets in the market and offers a glimpse into the more flexible lifestyles people will desire in the future.
“Landing is fundamentally changing how people are able to live,” said Bill Smith, Chief Executive Officer and Founder of Landing. “The demand for more dynamic living experiences will continue to grow as work becomes more flexible and people have more freedom to work remotely. With this new funding and the support of our incredible venture partners, Landing will continue to lead the industry into the future of living – one that we believe is a simple, seamless experience that empowers people with freedom and flexibility.”