Y Combinator-backed property search engine Landeed has raised $5 million in new funding. Leading investors include Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, founder of Onboard, and Aaron King, founder of Snapdocs, who also participated in the round. This comes after a financing round in 2022 led by Paradigm Shift VC, and its USD 8.3 million seed round in January 2023, backed by Y Combinator, Draper Associates, and Bayhouse Capital.
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Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed streamlines property title searches by consolidating multiple methods into a single platform. Users can access essential documents, such as sale deeds and encumbrance certificates, ensuring properties are free from legal or monetary disputes. The platform’s mobile app has significantly reduced the time required for title searches, delivering results 10 times faster than traditional methods.
Since then, the startup has seen exponential growth, reporting a 22x increase in key financial metrics. The platform has attracted over 100,000 users, including property owners, bankers, agents, and real estate developers, who use it for buying, selling, facilitating loans, and constructing real estate projects. With over 5 million downloads, Landeed now has coverage across 24 Indian states.
The capital from the latest funding is to be used in order to enhance the company’s AI and machine learning (AI/ML) capabilities, which have been central to its operations. Cofounder and CEO Sanjay Mandava said, “AI and machine learning aren’t optional for us—they’re the backbone for everything you will see in our products going forward. With additional resources, we will be hiring some of the best STEM and technical talent in the country to augment the exceptional growth in our core business.
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Looking ahead, Landeed aims to create a fully digitised and transparent real estate ecosystem, leveraging advanced AI and ML technologies. Robert Wuttke, Founding Partner at 10x Founders said “Sanjay is an incredibly strong founder, able to attract top talent, and working on an idea that will have a major impact on India’s real estate economy. We are proud to back him.”