Landa News
3 articles
growth-negative
FIMI to invest $80 million in Benny Landa's collapsed digital printing company | CTech
Landa Corporation Limited, a digital printing company, is set to be acquired by FIMI Opportunity Funds. The acquisition involves FIMI investing $80 million in exchange for new shares, while existing shares will be canceled. This move aims to address the companys significant debt of approximately NIS 1.7 billion ($498 million) and maintain its operations. The transaction requires approval from a creditors meeting and the court. The company has faced financial difficulties, leading to a reduction in its workforce. The acquisition is expected to help repay some of the debts and support the companys ongoing operations.
Acquired-byInvestmentLayoffs
growth-negative
The stay of proceedings is until the end of August. The company owes NIS 1.7 billion, mainly arising from investors' loans.
Landa Digital Printing, founded by Benny Landa, is facing financial difficulties with a debt of NIS 1.7 billion, primarily from investor loans. The Central District Court has approved a two-month stay of proceedings to allow the company to find a buyer and arrange a debt settlement. The company has raised $1.3 billion from European investors, including SKion, Altana, and Winder, who have decided to withdraw support due to geopolitical tensions. Landa Digital Printing recently laid off over 100 employees and owes significant amounts to creditors, including Mizrahi Tefahot Bank. HP is a potential buyer, and the company has received support from its employees and some customers for the stay of proceedings.
LayoffsAcquired-byInvestment
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Landa raises $25 million Series A for inclusive real estate investing platform | CTech
Israeli-founded startup Landa has completed a $25 million Series A funding round, bringing its total equity raised to $33 million. The company also raised $62 million in debt financing. Landa enables individuals to access the real estate market for as little as $5 through a fractional ownership model. The funding was led by investors including NFX, 83North, and Viola Ventures. Landa currently has properties in Atlanta and New York City and plans to expand to Charlotte, Birmingham, Tampa, Orlando, and Jacksonville. The company aims to break down traditional barriers to entry in real estate investing and provides a user-friendly interface for investors to manage their portfolios.
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