Snapdocs, Inc., a San Francisco, CA-based real estate technology platform, raised $25m in Series B funding.
The round was led by F-Prime Capital with participation from previous investors Sequoia Capital, Freestyle Capital and Founders Fund. As part of the funding round, David Jegen of F-Prime Capital will join Snapdocs’ board of directors.
The company intends to use the funds to continue to develop its artificial intelligence offerings and platform.
Founded in 2013, and led by Aaron King, CEO, Snapdocs provides a real estate technology platform featuring patented AI technology to modernize, streamline, and improve the mortgage process for lenders, borrowers, and settlement.
Every day, over 50,000 mortgage professionals use the technology to automate manual work and digitize paper processes.
The company is also announcing the opening of a new office in Denver, Colorado.