What is Sundae?
Sundae operates as a specialized real estate marketplace designed to streamline the home-selling process for properties that require significant maintenance or renovation. By providing a worry-free alternative to conventional real estate brokerage, the company empowers homeowners to bypass the time-intensive requirements of market-ready repairs. Headquartered in San Francisco with regional hubs in Los Angeles and Atlanta, Sundae leverages deep industry expertise to facilitate efficient transactions, positioning itself as a critical intermediary in the residential real estate ecosystem.
How much funding has Sundae raised?
Sundae has raised a total of $132.9M across 4 funding rounds:
Multiple Rounds
$52.9M
Series C
$80M
Debt (2020): $350K with participation from PPP
Series A (2020): $16.6M led by Founders Fund LLC, QED Investors, and Susa Ventures
Series B (2020): $36M supported by Susa Ventures, Navitas Capital, Founders Fund LLC, General Global Capital, Prudence Holdings Inc, and QED Investors
Series C (2021): $80M featuring Fifth Wall, Gaingels, Intersect Capital, Founders Fund, Wellington Management, Prudence Holdings, First American Financial, Crossover VC, General Global Capital, Oberndorf Ventures, QED Investors, and Susa Ventures
Key Investors in Sundae
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry, connecting major property owners with innovative entrepreneurs.
QED Investors
QED Investors is a global boutique venture capital firm specializing in early-stage, disruptive financial services companies with a hands-on operational approach.
Susa Ventures
Susa Ventures is an early-stage firm that partners with startups to build billion-dollar companies, providing capital and talent without requiring board seats.
What's next for Sundae?
The infusion of capital from the latest funding round positions Sundae to accelerate its expansion across the United States, further solidifying its footprint in the proptech landscape. As the company matures, the focus is expected to shift toward enhancing its digital infrastructure and deepening its network of local real estate professionals. By maintaining its commitment to a founder-friendly and seller-centric model, Sundae is well-equipped to capture a larger share of the residential market, potentially setting new standards for transparency and efficiency in property transactions.
See full Sundae company page
