Hyderabad-based proptech startup Landeed has secured 43.1 crore rupees (around US$5 million) in a funding round led by 10x Founders Fund.

Other investors, including Oliver Jung, Paradigm Shift, Pioneer Fund, Jeffrey Epstein, and founders from Onboard and Snapdocs, also participated in this round.

The startup will use the funds to launch Landeed Labs, improve AI capabilities, innovate products, hire talent, and develop tools for property transactions.

Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards, Landeed addresses inefficiencies in India’s fragmented property records by consolidating data from 24 states.