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    Funding

    Landeed, a property data start-up, secures $8.3 million in seed round financing

    Technology to be enhanced as company secures funding to develop property title search engine
    Ezra PROBy Ezra PROJanuary 24, 2023No Comments1 Min Read
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    A startup in India that focuses on property records, Landeed, has raised $8.3 million in a funding round. The funding was led by Draper Associates, Y Combinator, and Bayhouse Capital. Landeed plans to use the funding to hire staff and enhance its technological infrastructure as it seeks to create a comprehensive property title search engine and become a real estate transactions hub.

    Landeed’s CEO and co-founder, Sanjay Mandava, explained that the startup has integrated multiple government departments across various states to produce a property summary data similar to Plaid. The platform allows users to verify a property transaction ledger going back 20 years in two seconds, thereby simplifying property due diligence for all parties.

    Landeed, which was established in 2022, aims to streamline property due diligence in a country where 67% of all court cases are related to land disputes. The company closed its oversubscribed seed round on Tuesday, following a pre-seed round six months ago from a group of investors, including Justin Hamilton (CEO, Clutterbot), Goodwater Capital, Olive Tree, Manmohan Chandolu, Chris Maurice (Yellow Card), Christian Kaczmarczyk (Third Prime VC), AVCF Fund, and nine Y Combinator alumni.

    Bayhouse Capital Draper Associates Landeed Sanjay Mandava Y Combinator
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    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

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