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Landed raises $7.5M Series A

Initialized Capital led the round. The startup helps teachers buy houses.

Landed Team Photo (Credit: Landed)

Landed has raised a $7.5 million Series A round led by Initialized Capital, according to TechCrunch. The startup was founded to solve the financial challenge teachers face when seeking to buy a house in expensive school districts.

Solution: The startup provides up to $120,000 towards the down payment in exchange for 25% of the investment gain when the house is sold. Landed also receives a brokerage referral fee.

Valley darlings: It’s trendy for VC’s to fund startups that can yield both financial and social returns. Returns on these so-called ‘for-profit social enterprises’ is especially challenging.

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