Landeed, a cutting-edge property title search engine platform, has successfully raised $5 million in its Series X funding round, led by 10x Founders Fund. The round also saw participation from notable investors like Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein (Founder of Onboard), and Aaron King (Founder of Snapdocs), among others.
This funding round follows Landeed’s earlier success in raising one of the largest seed rounds for a proptech startup in 2023. Both rounds were oversubscribed, reflecting strong interest from existing investors and attracting new participants at a significantly higher valuation.
Landeed’s Vision: Redefining Property Ownership in India
Sanjay Mandava, Co-founder and CEO of Landeed, emphasized the platform’s commitment to transforming property transactions through advanced technology:
“AI and machine learning aren’t just buzzwords for us; they are the backbone of everything we do. With Landeed Labs, we’ve launched India’s first legal AI property title analyzer and continue to push the boundaries of what’s possible in property transactions.”
Mandava further highlighted plans to:
- Hire Top STEM Talent: Strengthen Landeed’s technical capabilities with some of the best minds in the industry.
- Scale New Product Development: With a significant portion of seed funds still unutilized, Landeed aims to aggressively expand its offerings and ship innovative products at a rapid pace.
Why Landeed Stands Out in the Proptech Space
- Instant Data Access: Landeed offers users access to critical property documents such as Sale Deeds and Encumbrance Certificates, ensuring properties are free from legal or monetary disputes.
- AI-Powered Efficiency: The platform’s AI-driven property title analyzer delivers results 10x faster than traditional methods, significantly reducing time and effort.
- User-Friendly Mobile App: Landeed has transformed the title search process with an intuitive app that makes property ownership verification seamless and affordable.
Investor Confidence in Landeed
Robert Wuttke, Founding Partner of 10x Founders, expressed confidence in Landeed’s potential:
“Sanjay is a strong founder who attracts top talent and is working on an idea that will have a major impact on India’s real estate economy. We are proud to back him.”
This endorsement underscores the confidence investors have in Landeed’s innovative approach and its ability to reshape India’s real estate market.