Business

Institutional real estate investing set for change after Landis acquires real estate startup GoldenKey

The US’ housing market appears to be in a very juxtaposing position. On one hand, a larger number of cities are slowly making their way onto the millionaire’s club, with Zillow recently reporting that the average home costs around $1 million in 197 different U.S. cities. However, this is during a time of when the market is also slowing down and could be heading for a serious slump.

Regardless of this paradoxical activity, one startup has seized a golden opportunity within today’s market and shows great promise for the future. Landis, a platform using data science to help institutional real estate investors buy and sell residential real estate, announced its acquisition of GoldenKey, a well-funded startup that set out to disrupt real estate agents and unbundle the real estate industry.

This acquisition follows previous successes covered here on The Sociable and across other publications, which indicates that this innovative startup is heading in the right direction to shake up this promising market.

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.”

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.

Disclosure: This article includes a client of an Espacio portfolio company

Sam Brake Guia

Sam is an energetic and passionate writer/presenter, always looking for the next adventure. In August 2016 he donated all of his possessions to charity, quit his job, and left the UK. Since then he has been on the road travelling through North, Central and South America searching for new adventures and amazing stories.

View Comments

Recent Posts

Fabian Society outlines how govt can ‘upscale circular economy’

How long until the wolf sheds its sheepskin? Fabians are sleepwalking society towards the 'own…

1 day ago

AI reasoning and the infinite puzzle of Borges’ Library of Babel

Many people have the intuition that an LLM (Large Language Model, e.g. ChatGPT) doesn't really understand…

5 days ago

UK’s DARPA-inspired ARIA opens ‘Engineering Ecosystem Resilience’ research opportunity

ARIA's opportunity space for engineering ecosystem resilience follows a global trend of public and private…

6 days ago

Healthcare providers now have unprecedented data insights into the patient journey as PurpleLab® acquires KAID Health

In the U.S., we’re seeing an incredible growth of the healthcare analytics market, with the…

6 days ago

First Financial Federal Credit Union prioritizes empathy with Ribbon partnership for inheritance claims 

When our loved ones pass on, it can be one of the most traumatic events…

6 days ago

Tackling antimicrobial resistance with new cleaning protocols

When we hear the word pandemic, our mind is likely to jump to the events…

1 week ago