# Sundae

> Sundae is a San Francisco-based residential real estate marketplace that helps homeowners sell dated or damaged properties as-is, by pairing them with a vetted network of property investors who compete to bid on the home. Founded in 2018 by Josh Stech and Andrew Swain, two LendingHome alumni, Sundae was built to give sellers in difficult circumstances - illness, divorce, foreclosure, inherited homes - a fair, transparent alternative to predatory cash buyers.

- **Founded:** 2018
- **Headquarters:** San Francisco, California, United States
- **Founders:** Josh Stech (Co-founder & CEO), Andrew Swain (Co-founder & President)
- **Team size:** Approximately 76 employees (post-restructuring)
- **Products:** Sundae Marketplace, Seller Experience, Cash Advance, Investor Network
- **Notable:** Raised $135M+ across four funding rounds in under three years, Expanded from 4 California markets to 14+ markets across six states at peak, Series C co-led by Fifth Wall in July 2021

## Products & services

- **Sundae Marketplace** — An auction-style platform where pre-vetted property investors compete to bid on off-market homes listed by sellers.
- **Seller Experience** — Free property inspection, professional photos, and a Property Profile. Sellers receive multiple competing offers within days, with no fees, no repairs, no showings.
- **Cash Advance** — Up to $20,000 in cash advanced to qualifying sellers before closing to help with moving costs or immediate needs.
- **Investor Network** — A vetted community of real estate investors who pay an assignment fee when they win a property on the marketplace.

## Achievements

- Raised $135M+ across four funding rounds in under three years
- Expanded from 4 California markets to 14+ markets across six states at peak
- Series C co-led by Fifth Wall in July 2021
- Built a vetted investor marketplace that pays sellers above traditional cash-buyer offers

## Latest updates

- **2022-06** — Sundae cut 15% of its workforce, primarily in its newest markets, as the housing market cooled.
- **2021-07** — Closed $80M Series C co-led by Fifth Wall and General Global Capital.
- **2020-12** — Raised $36M Series B led by QED Investors.

## Links

- Website: https://sundae.com
- LinkedIn: https://www.linkedin.com/company/sundaehq
- Twitter/X: https://twitter.com/SundaeHQ
- YouTube: https://youtube.com/channel/UCcYk3-zCAMogCmTowaNqESg
- Instagram: https://instagram.com/sundaehq
- Facebook: https://facebook.com/SundaeHQ

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Profile page: https://yespress.io/sundae
Published by YesPress — https://yespress.io
Last updated: 2026-05-18