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Landeed, a property title search engine platform has raised $5 million in its Series X funding round led by 10x Founders Fund.
The round also saw participation from Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, Founder of Onboard and Aaron King, founder of Snapdocs, among others.
The startup plans to use the fresh funds to launch Landeed Labs, a division to boost the company’s AI and machine learning capabilities.
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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.”
Previously, Landeed raised an undisclosed amount last year in a seed funding round from Paradigm Shift VC. Before that, it raised INR 69.3 Cr ($8.3 million) in seed funding from Y Combinator, Draper Associates and Bayhouse Capital.
About Landeed
Founded in 2022 by Sanjay Mandava, ZJ Lin and Jonathan Richards, Hyderabad-based Landeed helps users search property titles and get land documents for a small fee. The platform makes it easy to gather all the necessary information for landowners or buyers to make sure everything is in order with a property.
It also provides quick access to important documents like Sale Deeds and Encumbrance Certificates, which show that a property is free from legal or financial issues. Landeed says it delivers results 10 times faster than traditional methods, at a low cost.
With over 5 million downloads and coverage in 24 states, Landeed has seen a 22x growth in key financial metrics. More than 100,000 property owners, bankers, agents and real estate developers use the platform to buy, sell, arrange loans and build real estate.
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