Notarize, an Alexandria, Va.-based digital remote notarization solution, raised $2.4m in seed funding.
The round was led by Polaris Partners, with participation from Ludlow Ventures and other individuals.
Led by Pat Kinsel, Founder and CEO, and Adam Pase, COO, Notarize is an electronic notary service offered to clients via a just launched iOS application.
The service functions like traditional notary, but works entirely online. Clients must verify their identity with a government issued photo ID, which Notarize authenticates using computer imaging technology and a software-based forensic analysis.
The client is then connected with a commissioned Virginia Electronic Notary Public agent via live video call. The agent signs, stamps, and completes the electronic notarization process using digital tools.
Once complete, the client may print and deliver the notarized document or send it electronically to their institution. In accordance with the Virginia statutes governing electronic notarization, all video calls are recorded.
Documents processed through Notarize are accepted across all 50 states.
The technology can also allow organizations in financial services, real estate and legal industries to reduce time, complexity and human error and increase productivity.