Morty Raises $25M in Series B Funding

Morty, a NYC-based online mortgage marketplace, closed a $25m Series B financing.

The round, which brought total investment raised to date to $38.4m, was led by March Capital with participation from Rethink Impact and existing investors Thrive Capital, Lerer Hippeau, Prudence Holdings, FJ Labs and Metaprop.

The company intends to use the funds to to make investments in hiring, consumer marketing and product expansion and explore B2B2C opportunities to embed mortgage technology into the greater real estate ecosystem.

Founded in 2016 by CEO Nora Apsel and CTO Adam Rothblatt, Morty is an online mortgage marketplace that allows homebuyers to evaluate competitive offers from multiple lenders, then lock and close their loans through an automated platform.

The company is currently licensed in 36 states and Washington, DC, and intends to serve homebuyers nationwide by the end of 2021.