Sundae provides a real estate buying and selling platform. It connects homeowners and investors wanting to sell or buy homes that need repair. The company was founded in 2018 and is based in San Francisco, California.
Sundae's Product Videos
ESPs containing Sundae
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The iBuyer marketplaces market offers a new way of buying and selling residential real estate, primarily through technology-driven platforms. These marketplaces leverage data analysis, machine learning, and other advanced technologies to quickly and accurately value properties and make cash offers to homeowners. This approach can be particularly appealing to sellers who are looking for a fast and …
Sundae's Products & Differentiators
Research containing Sundae
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Sundae in 3 CB Insights research briefs, most recently on Nov 10, 2023.
Expert Collections containing Sundae
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Sundae is included in 2 Expert Collections, including Real Estate Tech.
Real Estate Tech
Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Sundae News
Nov 16, 2023
Sundae releases new consumer tool Views: 0 Although a number of companies have emerged to assist agents and their seller clients with renovating or updating a home before introducing it to the market, Sundae built its model on the opposite approach — helping consumers sell homes sell as-is to investors. This November, Inman offers a deep dive into the world of proptech and the state of the startups that are building the future now. We’ll also debut a brand new coveted set of awards, Proptech All-Stars , celebrating the entrepreneurs, VCs, and visionaries in the field. While a number of companies have emerged to assist agents and their seller clients with renovating or updating a home before introducing it to the market, Sundae built its model on the opposite approach — helping consumers sell homes as-is to investors. The company released an update to its cash-offer solicitation model, an administrative homeowner portal for more timely and concise management of the transaction, according to a Nov. 24 press release sent to Inman. Sundae functions as a marketing arm for as-is sellers, extending a home’s viability into the cash-buyer market. Its referral program can be used by agents who work with investors as a supplement to their work in the traditional market. “Sundae’s Homeowner Portal puts sellers in the driver’s seat,” said Josh Stech, CEO and co-founder of Sundae, in the release. “In real time, sellers can see what often amounts to hundreds of competing offers. This gives sellers confidence that they got the fairest possible price for their home. It’s quick, it’s easy, it’s free, and now it’s fully in your control.” The portal’s intent is to reduce manual processes and disconnected communications to a single online channel, where all documents, messages and insights exist within the context of the deal. A few of its homeseller features include transparency into home marketing, the ability to consult with your Sundae market expert and tools to manage asset collection, such as 3D tours, inspection data and photography. The portal also allows for digital document execution, views into how well the market is responding to a listing and a list of any other nearby or regional homes on the Sundae market. Selling a home as-is is often a more efficient way to buy a property, even in non-distressed sales. Expert investors often know the financial commitment a rental or flip will require and need inspections for fundamental confirmations. As-is contracts are more straightforward, they remove the nuance of how to define a repair, recognize that no home is perfect and perhaps above all else, shorten the close window. Time, after all, kills deals more than any other market factor. The company in 2022 started offering financing for its investor purchases, Inman reported. It was part of an expansion into the southeast to include the Carolinas and Tennessee. Called simply Sundae Funding, Inc., the lending programs are available in California, Florida, Georgia, Texas and Colorado. Also available for properties not listed on Sundae’s marketplace, Sundae Funding promises competitive rates and quick pre-approval, with underwriting documents reviewed only once a year. In addition to the purchase price, investors can finance remodeling and construction costs with Sundae. The San Francisco-based company wants to help homeowners avoid wholesale scams, which frequently target distressed properties with seemingly simple and lucrative ways to dispose of homes people are unable to continue to financially support. It has set up a website for people to stay abreast of how scams are carried out. Sundae was founded in August 2018 by veteran real estate and marketplace executives Josh Stech and Andrew Swain.
Sundae Frequently Asked Questions (FAQ)
When was Sundae founded?
Sundae was founded in 2018.
Where is Sundae's headquarters?
Sundae's headquarters is located at 236 West Portal Avenue, San Francisco.
What is Sundae's latest funding round?
Sundae's latest funding round is Angel.
How much did Sundae raise?
Sundae raised a total of $136.55M.
Who are the investors of Sundae?
Investors of Sundae include Gaingels, Founders Fund, QED Investors, Susa Ventures, Prudence Venture Capital and 28 more.
Who are Sundae's competitors?
Competitors of Sundae include Knock and 7 more.
What products does Sundae offer?
Sundae's products include Marketplace.
Compare Sundae to Competitors
Knock provides an online real estate trading platform. The company offers an online site for homeowners looking to buy a new home before selling their current home or a first-time buyer. It was founded in 2015 and is based in New York, New York.
Orchard is a company that operates in the real estate industry, focusing on simplifying the process of buying and selling homes. The company offers services such as innovative home search tools, the ability to buy a new home before selling the current one, and personalized online dashboards for managing the entire process, all supported by Orchard's real estate agents. Primarily, Orchard caters to the residential real estate market. Orchard was formerly known as Perch. It was founded in 2017 and is based in New York, New York.
Rex is a company that operates in the real estate industry, focusing on leveraging technology to streamline the home buying and selling process. The company offers a range of services including home buying and selling, mortgage services, insurance services, and home-related services such as repair and inspection. Rex primarily serves the residential real estate market. It was founded in 2015 and is based in Woodland Hills, California.
HomeLight develops a platform for homebuyers and sellers. It analyzes real estate transactions to compare real estate agents near users on the metrics that matter. It also offers free, objective, performance-based recommendations for real estate agents in neighborhoods. It was formerly known as AgentBrain. It was founded in 2012 and is based in San Francisco, California.
EasyKnock offers residential real estate technology solutions. It seeks to help homeowners achieve financial freedom through an equity release program. It was founded in 2016 and is based in Cleveland, Ohio.
Flyhomes offers an online brokerage platform. It helps users to search and compare homes, schedule home tours, buy, and more. Flyhomes was formerly known as Triveso. The company was founded in 2016 and is based in Seattle, Washington.