About Sundae
Sundae is a company based in San Francisco (United States) founded in 2018 by Josh Stech and Andrew Swain. It operates as a Brokerage / Intermediation, and Two-Sided Marketplace. Sundae has raised $132.55 million across 3 funding rounds from investors including First American, Fifth Wall and General Global Capital. Sundae offers products and services including Off-Market Home Selling and Sundae Marketplace. Sundae operates in a competitive market with competitors including Redfin, QuintoAndar, Square Yards, Compass and PropTiger, among others.
- Headquarter San Francisco, United States
- Founders Josh Stech, Andrew Swain
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Sundae Funding, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$132.55 M (USD)
in 3 rounds
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Latest Funding Round
$80 M (USD), Series C
Jul 20, 2021
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Investors
First American
& 26 more
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Employee Count
Employee Count
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Products & Services of Sundae
Sundae offers a comprehensive portfolio of products and services, including Off-Market Home Selling and Sundae Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Homes are sold off-market without repairs or showings.
Investment properties are accessed by property investors exclusively.
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Funding Insights of Sundae
Sundae has successfully raised a total of $132.55M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $80.0M
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First Round
First Round
(30 Jun 2020)
- Investors Count 27
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series C - Sundae | Valuation | Fifth Wall , General Global Capital | |
| Dec, 2020 | Amount | Series B - Sundae | Valuation | QED Investors | |
| Jun, 2020 | Amount | Series A - Sundae | Valuation | QED Investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sundae
Sundae has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include First American, Fifth Wall and General Global Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Investments are made in emerging growth technology sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sundae
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sundae
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sundae Comparisons
Competitors of Sundae
Sundae operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Redfin, QuintoAndar, Square Yards, Compass and PropTiger, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are listed and brokered through an online platform.
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| domain | founded_year | HQ Location |
Rental properties are brokered online for seekers and owners.
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| domain | founded_year | HQ Location |
Technology platform for real estate transactions and mortgages is provided.
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is facilitated via mobile apps.
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| domain | founded_year | HQ Location |
A platform for residential property buying is facilitated by PropTiger.
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| domain | founded_year | HQ Location |
App-based brokerage services for residential property sales are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sundae
Frequently Asked Questions about Sundae
When was Sundae founded?
Sundae was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Sundae located?
Sundae is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Sundae?
Josh Stech is the current CEO of Sundae. They have also founded this company.
Is Sundae a funded company?
Sundae is a funded company, having raised a total of $132.55M across 3 funding rounds to date. The company's 1st funding round was a Series A of $16.55M, raised on Jun 30, 2020.
What does Sundae do?
Sundae is engaged in assisting homeowners to sell their properties off-market for the highest price without the need for repairs, cleanings, or showings. Services are provided in various California markets including Inland Empire, Los Angeles, Oakland, Orange County, Sacramento, and San Diego. The company is committed to transparency, simplicity, and offering competitive cash offers with zero fees. Additionally, a marketplace for property investors is operated to access exclusive off-market investment opportunities. Solutions are tailored for homeowners facing financial distress, structural issues, or sudden life events, ensuring a fast and certain closing process.
Who are the top competitors of Sundae?
Sundae's top competitors include Square Yards, QuintoAndar and Redfin.
What products or services does Sundae offer?
Sundae offers Off-Market Home Selling and Sundae Marketplace.
Who are Sundae's investors?
Sundae has 27 investors. Key investors include First American, Fifth Wall, General Global Capital, Wellington, and Susa Ventures.
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