Sundae Raises $80M in Series C Funding

Sundae

Sundae, a San Francisco, CA-based residential real estate marketplace, raised $80m in Series C funding.

The round, which brought total funding to $135m, was co-led by Fifth Wall and General Global Capital, with participation from QED Investors, Wellington Management, Susa Ventures, Founders Fund, First American Financial, Prudence Holdings, Crossover VC, Intersect Capital, Gaingels, and Oberndorf Ventures, we well as as well as individual investors including:

  • Grammy Award-winning artist and Actor/Producer Will Smith,
  • world renowned DJ Kygo,
  • three-time NFL Super Bowl champion Richard Seymour of 93 Ventures,
  • NFL All-Pro DK Metcalf of the Seattle Seahawks,
  • Matt Chapman of the Oakland A’s,
  • NBA World Champion Alex Caruso of the Los Angeles Lakers,
  • Aaron Gordon of the Denver Nuggets,
  • Solomon Hill of the Atlanta Hawks,
  • Kelly Olynyk of the Houston Rockets,
  • NBA All-Star Isaiah Thomas,
  • three-time NBA Champion & Gold Medalist Klay Thompson of the Golden State Warriors,
  • Hassan Whiteside of the Sacramento Kings,
  • Andrew Wiggins of the Golden State Warriors, and
  • 2020 US Soccer Player of the Year and Juventus midfielder Weston McKennie.

The company intends to use the funds to continue expanding to new markets, investing in its online marketplace platform and digital tools for sellers and buyers, and building brand awareness to reach more homeowners and property investors across the country.

Founded in August 2018 by veteran real estate and marketplace executives Josh Stech and Andrew Swain, Sundae provides homeowners with a platform and tools to get the best outcome when it’s time to sell a house that needs repairs and cleaning to get it market-ready. Property investors can view available properties with detailed information including photos, floor plan, 3D walkthrough, and a 3rd party inspection report and make offers at investor.sundae.com
The company, which is hiring in markets across the U.S., also announced new additions to its leadership team including:

  • Kartik Ramachandran as CFO/COO,
  • Madhav Ranjan as SVP, Product and Engineering, and
  • Shane Steele who has been promoted to CMO.

FinSMEs

20/07/2021