GoDocs, an Irvine, Calif.-based provider of web-based legal document generation solutions for commercial lending, received a growth investment from M33 Growth.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its line of loan documents to include business loans, lines of credit, commercial and industrial loans, as well as expand its out-of-the-box integrations with loan origination and loan servicing software providers.
Founded in 1997 by President Gary Highland and now led by newly hired CEO Steve Butler, GoDocs provides a web-based automated loan closing document generation platform for commercial real estate, multifamily, and multiunit investment loans. The company serves major banks, credit unions, private money lenders, insurance companies, and development funds. Since its founding, the platform has powered lenders to close more than 60,000 loans, across all types of commercial real estate, representing a total loan value of over $80 Billion.
M33’s investment in GoDocs, and the subsequent hiring of CEO Steve Butler, comes at a time when the GoDocs solution can now automatically generate compliant documents in all 50 states, with two of the top ten banks (based on AUM) already leveraging GoDocs.