Notarize, a Boston, MA-based notary public platform allowing any person or business to get their documents legally notarized online, raised $20m in venture capital funding.
The round, which brings total funding to date to $31m, was led by Polaris Partners, with participation by Lennar Corporation, Peter Thiel’s Founders Fund, Fifth Wall Ventures, Second Century Ventures, the venture arm of the National Association of Realtors (NAR), and a subsidiary of Realogy Holdings Corp.
The company intends to use the funds to integrate with additional lending partners looking to bring their digital offerings to market and offer their customers a an intuitive online experience.
Founded in 2015 by Pat Kinsel, CEO, and Adam Pase, COO, Notarize provides a notary public platform allowing any person or business to get their documents legally notarized online, enabling an entirely online mortgage closing process via Notarize for Mortgage and Notarize for Title Agents, which connect all parties — lenders, borrowers, title agents, notaries, GSEs and real estate agents — involved in transactions.
In addition to building digital notary products, the company has been instrumental in updating laws accepting online notarizations and setting technical standards for the broader real estate industry.