Qualia, a San Francisco, CA-based digital real estate closing technology company, raised $65m in Series D financing.
The round, which increased its total funding to $160m and valued the company at over $1 billion, was led by existing investor Tiger Global, alongside other existing investors 8VC and Menlo Ventures.
Additionally, Qualia acquired Adeptive Software, the developer of ResWare, a complementary title and escrow production software provider. Over this time, Adeptive has built enterprise-class software used by large underwriters, title, and escrow companies, complete with a host of integrations with service partners. By coming together, Qualia and Adeptive will further accelerate real estate’s digital transformation.
Led by Nate Baker, co-founder and CEO, Qualia provides a digital closing platform for the real estate and mortgage industry. Its new class of cloud-based closing rooms provide the complete infrastructure to streamline the home closing experience for real estate businesses and their clients. The company offers a suite of products that brings together homebuyers and sellers, lenders, title & escrow agents and real estate agents onto one secure, remote platform. Since launching in 2015, over half a million real estate professionals have used Qualia for their clients. Qualia also has offices in Austin, TX.