Closinglock, an Austin, Texas-based fintech firm specializing in fraud prevention technology for the real estate sector, secured $12 million in Series A funding.
SaaS Investors
Headline led the investment round, with strong backing from LiveOak Ventures, RWT Horizons, and GTMfund.
Headline is a venture capital firm that uses its own technology and international team to discover and invest in rising founders around the world. With ~$4B of assets under management, Headline is composed of a network of four regionally-focused early-stage funds in the US, Europe, Brazil, and Asia and a Global Venture Growth fund that invests worldwide. Since its founding in 1999, Headline has proudly worked alongside teams with global aspirations from Silicon Valley to São Paulo, Beijing to Berlin.
Closinglock Use of Funds
The company will use the funding to accelerate product development, expand its technological infrastructure, and further enhance its capabilities in safeguarding and streamlining real estate transactions.
About Closinglock
Closinglock provides fraud prevention technology to the real estate industry, modernizing transactions through a secure, easy-to-use platform. With Closinglock, settlement companies can exchange wire instructions, receive earnest money and cash-to-close payments, validate payoff accounts, verify identities, share documents, and collect eSignatures. Trusted by over 400 title companies and law firms, and supported by leading financial service providers such as J.P. Morgan, Closinglock has protected hundreds of thousands of transactions totaling more than $250 billion.
Funding Details
Company: Closinglock, Inc.
Raised: $12.0M
Round: Series A
Funding Month: February 2024
Lead Investors: Headline
Additional Investors: LiveOak Ventures, RWT Horizons, and GTMfund
Company Website: https://www.closinglock.com/
Software Category: Fraud Prevention
Source: https://www.businesswire.com/news/home/20240208890058/en/Closinglock-Secures-12M-in-Series-A-Funding-to-Build-on-Its-Success-Against-Real-Estate-Fraud