Hyderabad-based proptech startup Landeed raises strategic funding

Hyderabad-based proptech startup Landeed has raised an undisclosed amount in a strategic financing round led by Paradigm Shift VC.

While the startup didn't reveal the exact amount raised, it previously raised $8.3 million in January 2023 from investors, including Y Combinator, Draper Associates, and Bayhouse Capital. 

Focused on bolstering growth

The startup plans to use the raised capital to extend its product line and expand its workforce, which will further bolster its growth in India and international markets. 

“We will use this additional firepower to expand our consumer-side offerings and scale our engineering team,” said Sanjay Mandava, Co-founder and CEO of Landeed.

What does Landeed do?

Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed offers a mobile app that helps property owners, agents, developers, and legal advisors access real estate records.

The platform simplifies the process of searching property titles and collecting necessary land documents. 

Landeed’s recent launch of the AI Property Analyser adds another layer of service by providing a comprehensive ownership history of properties, from the initial owner to the most recent, including any transactions or encumbrances.

Landeed's market presence

Landeed claims to have experienced significant growth, with a 22x increase in key financial metrics. The startup also claims that over 100,000 property owners and agents have used its platform to buy, sell, and build real estate. 

"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 (with Paradigm Shift)," said Sanjay Mandava, Co-founder and CEO of Landeed.