Spruce, a NYC-based platform for enabling online real estate transactions with innovative title and escrow solutions, raised $29m in Series B funding.
The round was led by Scale Venture Partners, with participation from Zigg Capital and Bessemer Venture Partners.
The company intends to use the funds to accelerate expansion, development of its proprietary technology, and deepen integrations with client partners.
Founded in 2016 and led by Patrick Burns, CEO, Spruce is building a platform for powering online real estate transactions. Its APIs and dashboards for title insurance, escrow, and related services enable forward-thinking mortgage lenders, real estate investors, and PropTech companies looking to scale efficiently and to provide experiences to their customers. The company services transactions nationwide, with operations centers in NY, TX, and CA. Since its launch, Spruce has grown to service transactions nationwide, from operations hubs in New York, Texas, and California.