Sundae, a residential real estate marketplace that pairs sellers of distressed property with potential buyers, has raised $16.55 million in Series A funding. QED Investors led the round, which also included participation from PayPal co-founder Peter Thiel’s Founders Fund, Susa Ventures, as well as a group of unnamed real estate and fintech investors and entrepreneurs. The financing brings San Francisco-based Sundae’s total raised to just over $19.7 million since its August 2018 inception, according to the company. Notably, Sundae’s co-founders have deep expertise in the real estate and mortgage industries. CEO Josh Stech was founding partner and senior vice president of sales at LendingHome, an online mortgage bank specializing in short-term residential bridge loans. President Andrew Swain was CFO at LendingHome, and prior to that, served as CFO at Airbnb.