DotLoop, a Cincinnati, OH-based provider of software designed to eliminate paperwork in the Real Estate industry, has raised $7m in Series A financing from Trinity Ventures.
The company plans to use the financing to accelerate sales and marketing, make strategic hires and open an office in San Francisco.
In conjunction with the financing, Noel Fenton, general partner at Trinity Ventures, has joined the company’s board.
Led by CEO Austin Allison, DotLoop provides a collaborative, wholly web-based negotiation platform where real estate agents can add, adjust, approve and sign documents digitally in real-time.
It is used by more than 200,000 real estate agents in 700 U.S. and Canadian cities.
The company also released a new product, DotLoop-NOW, a free version of their real estate transaction platform.