Snapdocs Raises $150M in Series D Funding

Funding Rounds

▤ Summary

Snapdocs, a San Francisco, CA-based digital closing platform for the mortgage industry, raised $150m in Series D funding. The round, which brought total funding to $260m and valuation to over $1.5 billion, was led by Tiger Global with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management. It enables lenders to connect with all parties and technologies involved in a mortgage transaction to complete the entire closing process online. The technology manages the entire cross-party workflow, appointment scheduling, status updates and notifications necessary to provide a seamless closing experience. The platform connects and integrates with all major real estate technologies, working natively with Loan Origination, Point of Sale, Title Production, eNote, and Remote Online Notary solutions, enabling them all to interact at scale.

$ Funding

$
Amount $150.0M Total raised
□
Date May 25, 2021 Announcement date
◎
Investors - Lead investors
▥
Company http://www.snapdocs.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Mortgage Software eClosing Software Financial Technology

▦ Linked Companies

Snapdocs
$1M to $5M