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Y Combinator-backed proptech startup Landeed raises strategic funding

Entrackr · 5m

Property title search engine platform Landeed has raised an undisclosed amount in a strategic financing round led by Paradigm Shift VC. In January 2023, Landeed raised $8.3 million in a seed round led by Y Combinator, Draper Associates, and Bayhouse Capital. The proceeds will be used to increase Landeed’s product line and further enhance its expansion of workforce to support its growing expansion both domestically and internationally. Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed helps users search property titles and receive land documents at a nominal fee. The platform simplifies the multiple search methods and collects all the data that is required by a land owner or buyer to ensure everything is in order with a particular property. Since its inception, Landeed claims to have witnessed a 22x growth in key financial metrics. Over 100,000 property owners and agents have already used Landeed’s platform to buy, sell, and to build real estate. Landeed has recently launched AI property Analyzer, which provides a complete ownership history of properties, from the initial owner to the most recent, including any transactions or encumbrances.