Landeed, a Bengaluru-based proptech startup, has raised $8.3 million in a seed round led by Draper Associates, Y Combinator, and Bayhouse Capital.
The funds will be used to strengthen the company’s technological infrastructure and bring in fresh talent.
Sanjay Mandava, ZJ Lin, and Jonathan Richards founded Landeed in 2022 to provide users with access to land documents and property title searches for a nominal fee.
“We built a standardized interface simplifying the multiple search methods across states into an intuitive and fluid user experience. This unique proposition has led our team to witness impressive revenue growth,” said Sanjay Mandava, CEO and Co-founder of Landeed.
Landeed reported receiving 1.7 million searches for land titles across the seven states it operates in within four months of its launch.
Landeed offers multiple other data points on a single screen in addition to land documents, including guideline values and an Encumbrance Certificate—a document that certifies, among other things, that the property in question is free from any monetary or legal disputes.