Landeed Secures $5 Million to Boost AI and ML Capabilities in Property Tech

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

Proptech Startup Landeed To Boost Product Portfolio With Backing From Paradigm Shift VC 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 Landeed claims to address the challenges of India's fragmented and outdated property records by consolidating data from 24 states into a unified, AI-powered platform.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.

Landeed secures $5 million Series X funding to expand AI/ML capabilities through Landeed Labs

Landeed, one of the leading property title search engine platform, has raised $5 million in a Series X funding round led by 10x Founders Fund. Other notable participants in the round include Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, Founder of Onboard and Aaron King, Founder of Snapdocs, among others. This round is in continuation of its earlier success in fundraising, which was amongst the largest seed rounds by a proptech startup in 2023. Both the rounds were oversubscribed with existing investors displaying strong interest along with new investors at a multiple of the valuation from seed round. Nearly all of the earliest institutional investors in Landeed have now re-invested. The new funding is the foundation for the development of Landeed Labs, a division dedicated to advancing the company's AI and machine learning (AI/ML) capabilities. This initiative underscores Landeed's commitment to maintaining its leadership in the proptech sector by spearheading technological advancements in property title search and real estate transactions. "AI and machine learning are not just buzzwords; they are tools we have been using extensively to rewrite how property ownership works in India. With Landeed Labs, we're pushing the boundaries of what's possible in property transactions. AI and machine learning aren't optional for us -- they're the backbone for everything you will see in our products going forward. This announcement is merely an explicit confirmation of what we've already executed such as launching India's first legal AI property title analyzer months ago. 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," said Sanjay Mandava, Co-founder and CEO of Landeed. Landeed has also closed a strategic financing round led by Paradigm Shift VC in mid 2024.In January 2023, the company raised $8.3 million in a seed round with participation from Y Combinator, Draper Associates, and Bayhouse Capital. According to experts, India's real estate sector faces fragmented and outdated property records, making title verification time-consuming and error-prone. Property owners, agents, and developers often struggle with incomplete documentation, lack of transparency, and difficulty accessing reliable data. Landeed addresses these challenges by consolidating property records from multiple jurisdictions into a unified platform. Powered by AI, Landeed simplifies title searches, providing instant access to ownership history, transaction records, and encumbrance details, ensuring transparency and efficiency in property transactions. With over 5 million downloads and covering 24 states, Landeed is the largest and most comprehensive title search engine in the country. The platform also offers instant access to essential data points such as Sale Deeds and Encumbrance Certificates, confirming that a property is free from legal or monetary disputes. Since its inception, Landeed has witnessed a 22x growth in key financial metrics, with over 100,000 property owners, bankers, agents, and real estate developers utilizing its platform to buy, sell, facilitate loans and build real estate. Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed is a proptech startup dedicated to transforming property ownership in India. The platform's AI-driven solutions empower property owners, agents, developers, and legal professionals to streamline title searches, ensuring seamless and efficient real estate transactions.