Closinglock, an Austin, TX-based proptech & fintech startup focused on modernizing the real estate transaction process, raised $4M in Seed funding.
The round was led by LiveOak Venture Partners with participation from RWT Horizons and GTMfund.
The company intends to use the funds to expand its teams across sales, customer success, and product development.
Led by CEO Andy White, Closinglock provides a platform for securely sharing wire information. Its first product, a secure portal, was introduced in 2018 to protect title companies and attorney offices from the growing problem of real estate wire fraud. Since then, the company has expanded its product offerings to include secure wire instructions, document sharing, eSignature, and loan payoff verifications all in a single platform. Today, Closinglock serves some of the largest title companies, home builders, and real estate attorneys in the country, representing more than $100 billion in transaction value to date across all 50 states and 42 countries.
To date, the platform has protected hundreds of thousands of real estate transactions totaling over $100 billion in value and continues to work with over 3,000 real estate escrow professionals across the country. The solution has been used by clients in all 50 states and across 42 countries.
FinSMEs
16/08/2022