Hyderabad-based proptech startup Landeed recently secured strategic funding from Paradigm Shift VC in an undisclosed financing round. Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed aims to transform the real estate sector with its innovative technological solutions.
This funding round follows Landeed’s successful raise of $8.3 million in January 2023 from investors including Y Combinator, Draper Associates, and Bayhouse Capital. The new funds will be used to expand Landeed’s product line and scale its engineering team. Sanjay Mandava, Co-founder and CEO, highlighted their plans, stating, “We will use this additional firepower to expand our consumer-side offerings and scale our engineering team.”
Landeed’s core offering is its mobile app, which simplifies access to real estate records for property owners, agents, developers, and legal advisors. The platform facilitates tasks such as searching property titles and acquiring necessary land documents. Recently, Landeed introduced the AI Property Analyzer, enhancing its services with detailed ownership histories, including transaction records and encumbrances.
Since its inception, Landeed has seen significant growth, reporting a 22x increase in key financial metrics. Over 100,000 property owners and agents have utilized its platform for buying, selling, and managing real estate transactions.