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Sundae
Marketplace for distressed residential real estate
- 201-500 employees
- B2C
- Property
- Marketplace
- Real Estate
- 353 Sacramento St, San Francisco, California, 94111, United States
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Company mission
To help homeowners get the best outcome when it’s time to sell a house that needs some love.
152% employee growth in 12 months
Otta's take
Theo Margolius
COO of Otta
Traditionally, homeowners spend considerable time and money to prepare a property for sale. Sundae is a property marketplace that allows homeowners to list homes in any state of repair. The company claims this leads to faster sales, fairer prices, and the bypassing of agency fees.
Through its platform Sundae pairs homeowners and several thousands of property developers, it facilitates the purchases, and provides a cash advance before closing to help homeowners with various expenses. The company now operates in over 14 markets across multiple US states.
The company recently reported a revenue increase of 600% year-over-year and plans to continue this growth following impressive investments, with one round attracting celebrity investors including Will Smith. It plans to expand into new cities and grow its workforce whilst investing into into building brand awareness.
Benefits
- Stock option package
- Extremely competitive health benefits - 100% medical, dental, vision coverage
- Generous PTO Policy
Funding (last 2 of 4 rounds)
Jul 2021
$80m
SERIES C
Dec 2020
$36m
SERIES B
$135.8m
Total funding
This company has top investors
Founders
Josh Stech
(CEO)Graduated from Stanford and became CFO at Purpose Built Investments. Was a Founding Partner of LendingHome. Co-founded Sundae in 2018.
Andrew Swain
(Chairman)Received an MBA from Harvard, before becoming an M&A Analyst at Texaco. Moved to The Boston Consulting Group in 2001. Left to become VP Corporate Strategy at Intuit. Was CFO at Airbnb from 2012 to 2014, and was CFO of LendingHome Corporation.