Flueid Software Corporation, an Austin, TX-based insurtech company delivering real estate closing automation solutions to the title insurance, real estate and mortgage lending industries, received a strategic investment from Aquiline Technology Growth (ATG).
The amount of the deal was not disclosed.
The company intends to use the investment to continue development of its innovative technology, support its current product implementations and penetrate additional markets through sales and marketing team expansion.
Led by CEO Peter Bowman, Flueid provides strategic technology and business solutions that focus on eliminating outdated and costly inefficiencies found throughout real estate and mortgage lending transactions. The company utilizes data and automation to develop risk-eliminating automation products that streamline many of the traditionally manual backend title processing and closing functions of today’s closing service providers. Additionally, Flueid recently released a solution for mortgage lenders and servicers that delivers an underwriter-backed title clearance decision, accelerating the ability of these institutions to pinpoint loans within their portfolio or at point-of-sale, which can be immediately pursued. The solution also provides turn times for title work, allowing mortgage lenders to streamline their pipeline of loans by understanding the level of work and expertise necessary during the loan underwriting process.