In its Series X round, which was led by 10x Founders Fund, the property title search engine platform Landeed has raised USD 5 million. Other participants include Aaron King, Founder of Snapdocs, Jeffrey Epstein, Founder of Onboard, Oliver Jung, Paradigm Shift, Pioneer Fund, and others.
Landeed raised an undisclosed sum in a strategic financing round led by Paradigm Shift VC in June of last year. In January 2023, Y Combinator, Draper Associates, and Bayhouse Capital led a seed round in which Landeed raised USD 8.3 million. The new revenue will be utilized to enhance the business's machine learning and artificial intelligence (AI/ML) capabilities.
Sanjay Mandava, ZJ Lin, and Jonathan Richards founded Landeed in 2022. For a small fee, users can search property titles and obtain land documents. The platform streamlines the various search options and gathers all the information needed by a buyer or landowner to make sure a specific property is in order.
Additionally, the platform provides immediate access to crucial information like encumbrance certificates and sale deeds, which attest to a property's lack of financial or legal issues. For a small fee, the platform promises to produce results ten times quicker than conventional techniques.
With over 5 million downloads and coverage in 24 states, Landeed claims to have seen a 22x increase in key financial metrics, with over 100,000 property owners, bankers, agents, and real estate developers using its platform to buy, sell, facilitate loans, and build real estate.
