Proptech startup Landeed secures funding in a strategic round from Paradigm Shift VC
Landeed plans to use the fresh proceeds to increase the product line and expand workforce in India and overseas
The new launch of AI Property Analyzer marks a significant step forward in Landeed's advancements in the proptech industry
Proptech startup Landeed has raised an undisclosed amount as a part of its ongoing seed funding round from Paradigm Shift VC.
The Hyderabad-based startup plans to use the fresh funds to boost its product stack and further increase its India and overseas headcount.
The latest round comes over a year after Landeed raised INR 69.3 Cr ($8.3 Mn) in a seed funding round from Y Combinator, Draper Associates and Bayhouse Capital.
Founded 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 providing innovative solutions for property title searches.
In India, where land ownership has largely been under the ‘presumptive ownership’ model, and a property buyer conducts due diligence without a single title document, Landeed’s property title search engine is aimed at streamlining the process.
Further, Landeed’s mobile application helps owners, agents, developers and legal advisors to check real estate records for building, lending, and transacting properties
Landeed has recently launched India’s first AI Property Analyzer, which provides a complete ownership history of properties, from the initial owner to the most recent, including any transactions or encumbrances.
“Paradigm Shift has been a great partner for us in this journey. 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,” said Mandava.
Other similar startups working on transforming land and property records in India are tapping the likes of proptech platforms, including NoBroker, PropTiger, NVG Group,PG on Palm, Edu Prop listing and Kashyap.
