Lennar’s Len X subsidiary helped the walkable neighbourhood developer raise equity financing as it prepares to open its first housing units.
Culdesac, a US-based developer of pedestrianised urban areas, has secured $30m in a series A round featuring Len X, a corporate venturing subsidiary of homebuilder Lennar, as it aims to remove cars from neighbourhoods.
Venture capital firm Khosla Ventures led the round, which included Founders Fund, Initialized Capital, Byers Capital and Zigg Capital.
Founded in 2018, Culdesac aims to develop housing units linked by walkable areas which maximise space for pedestrians as well as intra-community travel through micro-mobility options such…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
