LandTech
Property development software for sourcing and assessing land.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
* | €11.2m Valuation: €247m 16.0x EV/Revenue | Late VC | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 45 % | 20 % |
| EBITDA | 0000 | 0000 | 0000 |
| % EBITDA margin | (12 %) | (11 %) | - |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (10 %) | (6 %) | (51 %) |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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LandTech is a software-as-a-service (SaaS) company that offers a platform to streamline the property development process. It was founded in 2014 by Jonny Britton and Andrew Moist, who were later joined by Paul Higgs. The initial idea came from co-founder Andrew Moist's frustration with the difficulty of finding land to build a house for himself. He connected with Jonny Britton, who had a background in town planning, and they shifted their focus from individual self-builders to the larger market of real estate developers who faced the same data accessibility challenges.
The company's core product, LandInsight, consolidates property data from various sources, such as Land Registry and planning application data, into a single platform. This enables property professionals to find, assess, and acquire land more efficiently. The platform's features include customizable property searches, mapping tools, planning data, ownership information, comparable sales data, and project management tools. LandTech aims to help developers identify off-market opportunities, reduce reliance on land agents, and manage their development pipeline. The service is accessible via a desktop platform and a mobile app, LandTech GO, which allows users to identify and save sites while in the field.
LandTech operates on a subscription-based business model, providing its software to a range of clients including property developers, land agents, and homebuilders. The company has expanded its offerings through partnerships, such as with Hometrack for residential rental and valuation data, and acquisitions, including community engagement platform Built-ID. After establishing a strong presence in the UK, LandTech raised significant funding, including a £42 million Series A round in 2021, to support its global expansion. It has since launched in the United States, starting with the Florida market, to address the housing shortage.
Keywords: property development software, land acquisition, site sourcing, real estate data, proptech, property investment, land assessment, off-market opportunities, planning data, development pipeline management, real estate analytics, SaaS, property technology, land data, site analysis, real estate developers, homebuilders, land investment, property workflow, housing market data