States Title, a San Francisco, Calif. – based real estate company, closed a Series C financing round of $123m.
The round was led by Greenspring Associates with participation from Horizons Ventures, Eminence Capital, HSCM Bermuda, Foundation Capital, Assurant, FifthWall Ventures, Lennar Ventures, and SCOR Global P&C Ventures.
The company intends to use the funds to continue to expand its business reach.
Led by Max Simkoff, Founder and CEO, and its family of brands – North American Title Company (NATC) and North American Title Insurance Company (NATIC) – offers solutions for lenders, real estate agents, title agents, and homeowners to improve the title and escrow processes and to provide an instant customer closing experience, to be efficient, and to lower costs for everyone involved. Its patented technologies enable the use of data science to create predictive title insurance based on an assigned risk score to indicate how safe a property is from liens or liabilities.
The company has a team of nearly 1000 data scientists, engineers, product managers, and operations associates throughout the U.S.