US-based online property marketplace Sundae has raised $80m in series C funding from investors including title insurance and settlement services provider First American Financial.
Venture capital firm Fifth Wall and investment firm General Global Capital co-led the round, which included Wellington Management, Susa Ventures, Founders Fund, Prudence Holdings, Crossover VC, Intersect Capital, Gaingels and Oberndorf Ventures.
Private investors Frank Rotman, Will Smith, Kygo (and his Palm Tree Crew vehicle), Richard Seymour, DK Metcalf, Matt Chapman, Alex Caruso, Aaron Gordon, Solomon Hill, Kelly Olynyk, Isaiah Thomas, Klay Thompson, Hassan Whiteside, Andrew Wiggins and Weston McKennie filled out the participants.
Founded in 2018, Sundae runs an online platform that helps users sell their distressed properties to vetted real estate investors and agents without the need of contracting property wholesalers.
QED Investors had led a $36m series B round for the company in December 2020, investing alongside Founders Fund, Susa Ventures, Navitas Capital, Prudence Holdings and General Global Capital.
Sundae had closed a $16.6m series A round six months earlier that was also led by QED Investors and backed by Founders Fund, Susa Ventures and unnamed real estate and financial technology investors.
