Led by QED Investors with participation from Founders Fund. Susa Ventures, Navitas Capital, Prudence Holdings, and General Global Capital, residential property marketplace, Sundae, has raised $36 million in a Series B funding round.
Josh Stech, Sundae Co-Founder and CEO said in a statement:
“Many property investors continue to take advantage of sellers who don’t have the time or resources to get their house market-ready. With this new funding, we’re thrilled to continue on our mission to help owners of dated or distressed property get a fair price for their home without any work or worry.”
Sundae connects distressed properties with potential buyers, with sales closing within 10 days, according to the platform.
Frank Rotman, Founding Partner at QED Investors, explained why his company has chosen to back Sundae:
“Homeowners are looking for solutions that make the selling process more efficient, transparent, and reliable, particularly for the distressed property segment. Sundae’s rapid growth is a testament to their differentiated offering and the trusted brand they’ve created through a customer-centric approach to the market.”