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Real estate startup Sundae just raised $16 million after being backed by Founders Fund and QED Investors

  • Real-estate startup Sundae just raised $16 million in a Series A fundraising round backed by Founders Fund and QED Investors. 
  • Sundae aims to help those selling a rundown home get a fair price and avoid predatory investors.
  • House “flipping”, in which investors purchase properties and quickly sell them for a profit, rose to an eight-year high in 2019 – accounting for 6% of all home sales in the US. 
  • Visit Business Insider’s homepage for more stories.

Sundae, a real-estate startup helping homeowners sell their rundown properties, has raised $16 million in a Series A funding round backed by QED Investors and Founders Fund. 

House “flipping”, in which investors purchase properties and sell them quickly for profit, usually after fixing them up, rose to an eight-year high in 2019, at 6.2% of all home sales, according to ATTOM Data Solutions

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Sundae says it can help those forced to sell fast due to unforeseen circumstances — a death in the family, a divorce, or job loss — find the best deal and fend off predatory investors. 

The team puts together video walkthroughs,

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