Landeed, the leading property title search engine platform, has closed a new funding round led by Paradigm Shift VC. This exciting development comes on the heels of a successful seed round in January 2023, which saw participation from Y Combinator, Draper Associates, and Bayhouse Capital.
The new funds will be used to propel Landeed forward on two key fronts: product development and team expansion both domestically and internationally.
“Though we weren’t actively raising funds, were heavily oversubscribed in the last round and still had the majority of our previous round’s funding intact, we decided to move forward with their investment due to our strong relationship. We will use this additional capital to expand our consumer-side offerings and scale our engineering team. Expect to see several new initiatives being accelerated in the coming two quarters as we aggressively double down on our fast-growing business lines and geographic expansion.” said Sanjay Mandava, Co-founder and CEO of Landeed.
Landeed has experienced phenomenal growth since its launch, with a staggering 22x increase in key financial metrics. This impressive trajectory is further bolstered by their user base, surpassing 5 million downloads – making them the undisputed champion of title search engines in the country.
Landeed’s user-friendly mobile app empowers property owners, agents, developers, and legal advisors. With Landeed, users can easily access real estate records, simplifying processes for building, lending, and transacting properties. Over 100,000 property professionals and owners have already turned to Landeed for their real estate needs, highlighting the significant impact the platform is making on the industry.
Landeed recently launched India’s first AI Property Analyzer, a groundbreaking tool that empowers users to understand a property’s complete ownership history. This innovative feature provides a clear and concise timeline,tracing ownership from the initial owner to the most recent, including any past transactions or encumbrances. The analyzer leverages a model trained to comprehend the complexities of legal language found in Indian property documents.This ensures efficient and accurate results, saving users valuable time and effort when researching a property’s ownership history.
“We are leading this funding round to emphatically show our vote of confidence in the team and their ability to win the market and make real estate buyers’ lives easier” said Surabhi Washishth, Founding General Partner at Paradigm Shift Capital.
Established in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed is transforming property due diligence for all parties involved, facilitating seamless communication and efficient deal closures.
