Sundae Expands to New Markets and Announces $80 Million in Series C Funding
SAN FRANCISCO , July 20, 2021 |PRNewswire-PRWeb| -- Sundae , a residential real estate marketplace focused on helping sellers of dated or damaged property get the best price for their house, recently closed $80 million in Series C funding. The financing was co-led by Fifth Wall and General Global Capital, with additional participation from QED Investors, Wellington Management, Susa Ventures, Founders Fund, First American Financial, Prudence Holdings, Crossover VC, Intersect Capital, Gaingels, and Oberndorf Ventures. This investment round brings Sundae''s total funding to $135 million and comes less than nine months after announcing the company''s Series B. Sundae offers sellers a transparent and trusted way to sell without the hassle of home repairs, cleanings, and showings. Instead of talking to multiple ''cash-buyer'' wholesalers who make a quick profit by assigning the contract to a property investor, Sundae''s marketplace serves as an advocate for the seller and does the hard work for them by packaging and marketing the property to a large pool of qualified buyers.
Sundae Expands to New Markets and Announces $80 Million in Series C Funding
SAN FRANCISCO , July 20, 2021 |PRNewswire-PRWeb| -- Sundae , a residential real estate marketplace focused on helping sellers of dated or damaged property get the best price for their house, recently closed $80 million in Series C funding. The financing was co-led by Fifth Wall and General Global Capital, with additional participation from QED Investors, Wellington Management, Susa Ventures, Founders Fund, First American Financial, Prudence Holdings, Crossover VC, Intersect Capital, Gaingels, and Oberndorf Ventures. This investment round brings Sundae''s total funding to $135 million and comes less than nine months after announcing the company''s Series B. Sundae offers sellers a transparent and trusted way to sell without the hassle of home repairs, cleanings, and showings. Instead of talking to multiple ''cash-buyer'' wholesalers who make a quick profit by assigning the contract to a property investor, Sundae''s marketplace serves as an advocate for the seller and does the hard work for them by packaging and marketing the property to a large pool of qualified buyers.