Landeed Bags $5 Mn To Boost Its AI, ML Stacks

Proptech startup Landeed has raised $5 Mn (INR 43.1 Cr) in a fresh funding round led by 10x Founders Fund, along with participation from Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, Onboard founder and Aaron King, Snapdocs founder, among others.

The company plans to use the fresh capital to fuel launch of Landeed Labs, a division focused on enhancing the company’s AI and machine learning capabilities.

Apart from this, the proceeds will also be deployed to develop cutting-edge AI-driven solutions, recruit top STEM talent and advance product innovation to revolutionise property title searches and real estate transactions.

Sanjay Mandava, cofounder and CEO of Landeed, said, “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. We still have the majority of our funds from our seed round in the bank account so you’ll see us relentlessly shipping new products and firing on all cylinders. We never do what we do to be second best.”

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.

Landeed claims to address the challenges of India’s fragmented and outdated property records by consolidating data from 24 states into a unified, AI-powered platform. It simplifies title verification by providing instant access to ownership history, transaction records, and encumbrance details, ensuring transparency and efficiency in property transactions.

The company claims to have achieved 22X growth since its inception and empower more than 1 Lakh users, including property owners, bankers, and developers. Through Landeed Labs, it aims to further AI and machine learning innovations, transforming real estate transactions across India and globally.

The Hyderabad-based firm previously raised an undisclosed amount last year as part of its seed funding round from Paradigm Shift VC. Prior to that, it raised INR 69.3 Cr ($8.3 Mn) in a seed funding round from Y Combinator, Draper Associates and Bayhouse Capital.

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