Sundae is a technology-enabled real estate marketplace that connects homeowners selling their houses as-is directly to a network of investors, streamlining the process without traditional real estate hassles.[4][5] It serves homeowners seeking quick, cash offers and investors looking for off-market deals, solving pain points like lengthy sales, repairs, and agent fees in a fragmented resale market.[4] The company has shown strong growth momentum, raising over $173 million across funding rounds, including a $50M Series C in 2022, backed by prominent VCs like Founders Fund, QED Investors, and Fifth Wall Ventures.[4]
Sundae was founded by Josh Stech (CEO), along with experienced finance and operations executives who previously built leading technology and marketplace businesses.[4][5] The idea emerged from recognizing inefficiencies in the as-is home sales market, where homeowners often face lowball offers or complex processes; the team leveraged their expertise to create a transparent investor network for competitive bids.[5] Early traction came via a seed round of $3.15M in 2018, followed by rapid scaling through Series A ($16.55M in 2020) and B ($32.92M in 2020), culminating in substantial Series C funding that fueled nationwide expansion.[4]
Sundae rides the proptech wave transforming real estate through marketplaces and data-driven matching, capitalizing on post-pandemic shifts toward faster home sales amid high interest rates and inventory shortages.[4][5] Timing aligns with iBuyer pullbacks (e.g., Opendoor challenges), creating space for hybrid models like Sundae's investor-focused approach that thrives in volatile markets.[4] It influences the ecosystem by democratizing access to institutional capital for homeowners and providing investors with proprietary deal flow, accelerating proptech consolidation and efficiency in a $2T+ U.S. resale market.[5]
Sundae is poised for expansion into new geographies and adjacent services like financing or renovations, leveraging its funding and network amid stabilizing housing trends.[4] Rising AI-driven valuations and embedded fintech will shape its trajectory, potentially positioning it for IPO or acquisition as proptech matures. Its investor-centric model cements Sundae as a resilient marketplace leader, delivering frictionless as-is sales at scale.[4][5]
Sundae has raised $133.0M in total across 3 funding rounds.
Sundae's investors include Kevin Hartz, Addition, Afore Capital, Andreessen Horowitz, Audrey Capital, Craft Ventures, CRV, Dreamers VC, Electric Capital, Fifth Wall, FJ Labs, Foundation Capital.
Sundae has raised $133.0M across 3 funding rounds. Most recently, it raised $80.0M Series C in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $80.0M Series C | Kevin Hartz, Addition, Afore Capital, Andreessen Horowitz, Audrey Capital, Craft Ventures, CRV, Dreamers VC, Electric Capital, Fifth Wall, FJ Labs, Foundation Capital, Foundry Group, General Catalyst, Grace Beauty Capital, Interlock Partners, Khosla Ventures, Madrona Ventures, NewFund, Pareto Holdings, QED Investors, RRE Ventures, Second Century Ventures, Sound Ventures, Thirty Five Ventures, Truist Ventures, Y Combinator, Adam Gross, Adrian Aoun, Brad Bao, Bradley Horowitz, Jared Leto, Joshua Reeves, Kevin Weil, Mike Krieger, Odell Beckham Jr., Rashaun Williams, Sam Altman, Scott Belsky | |
| Dec 1, 2020 | $36.0M Series B | Andreessen Horowitz, CRV, Foundation Capital, Grace Beauty Capital, Pareto Holdings, QED Investors, Truist Ventures, Rashaun Williams | |
| Jun 1, 2020 | $17.0M Series A | Andreessen Horowitz, CRV, Foundation Capital, Grace Beauty Capital, Pareto Holdings, QED Investors, Truist Ventures, Rashaun Williams |
