LandTech, a London-based proptech that helps developers network and source off-market sites, has expanded to the US, opening an office in Florida.
The platform’s product suite and team now covers the entirety of the state, with other states soon to be announced. The company said the move will allow it to address the US’s housing shortage of 4m homes.
Jonny Britton, LandTech’s co-founder and chief executive (pictured), said: “Our arrival in the US is no coincidence, especially with the supply of new homes shrinking by 30% in 2020 alone, and the countrywide housing shortage of 4m new homes needed for the next five years.”
Britton added: “While we have chosen Florida as our starting point, it is just the beginning. Over time, our vision is to create a suite of data-driven tools that enable real estate stakeholders across the US to build the communities we all desperately need.”
LandTech secured more than £42m of series A funding in late 2021 from Washington, DC-based UpData Partners and JLL Spark, and has since raised £10m in growth capital from Canada’s CIBC Innovation Banking.
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