Proptech startup Landeed raises $8.3 Million in Seed Round led by Draper Associates, others

• ByStartup Story Team     |    January 24, 2023

Bengaluru-based proptech startup Landeed has raised $8.3 Million in seed round led by Draper Associates, Y Combinator, and Bayhouse Capital

The funds will be used to bring in new talent and strengthen the company’s technological infrastructure.

“We built a standardised 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 that within four months of its launch, it had received 1.7 million searches for land titles across the seven states in which it operates.

Landeed provides multiple data points on a single screen, including guideline values and an Encumbrance Certificate—a document that shows that the property in question is free of any monetary or legal disputes, among other things.

Landeed had raised a pre-seed round six months earlier from Justin Hamilton (CEO, Clutterbot), Goodwater Capital, Olive Tree, Manmohan Chandolu, Chris Maurice (Yellow Card), Christian Kaczmarczyk (Third Prime VC), AVCF Fund, and nine Y Combinator alumni.

Landeed, founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, allows users to search property titles and receive land documents for a small fee.

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