On Tuesday, proptech startup Landeed announced a successful strategic financing round led by Paradigm Shift VC. While the exact amount of funding remains undisclosed, Landeed plans to use the fresh capital to extend its product line and expand its workforce, supporting its growing operations both in India and internationally.

This announcement follows a significant funding round in January 2023, where Landeed raised $8.3 million from prominent investors, including Y Combinator, Draper Associates, and Bayhouse Capital. Landeed's innovative mobile app empowers property owners, agents, developers, and legal advisors to access comprehensive real estate records for building, lending, and transactions.

Founded by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed recently introduced an AI Property Analyser. This cutting-edge tool provides a complete ownership history of properties, detailing transactions and any encumbrances from the initial owner to the most recent.

"Although we weren't actively seeking new funds and still had the majority of our previous round's funding, the overwhelming interest from investors, particularly Paradigm Shift, encouraged us to proceed. This additional firepower will help us enhance our consumer-side offerings and scale our engineering team," said Sanjay Mandava, Co-founder and CEO of Landeed.