Polly, a San Francisco, CA-based SaaS mortgage technology company, raised $15M in Series A funding.
The round was led by 8VC, with participation from new and existing investors including Menlo Ventures, Conversion Capital, Meritech Capital, Fifth Wall and Base10 Partners. In conjunction with the funding, 8VC Partner Alex Kolicich and Meritech Capital Partner Max Motschwiller will join Polly’s Board of Directors.
The company intends to use the funds to recruit top engineering talent, accelerate sales, marketing and new product development.
Led by Founder and CEO Adam Carmel, Polly is a mortgage technology company that provides an end-to-end capital markets ecosystem that allows lenders to optimize performance from rate lock to loan sale and delivery.
Its pricing engine and loan trading exchange enable mortgage lenders to dynamically price and sell loans in an automated and customizable workflow.