Polly™, a San Francisco, California-based SaaS technology company transforming the mortgage capital markets, announced that it raised $37 million in Series B funding, bringing Polly’s total funding to over $50 million.
The round was led by Menlo Ventures, with participation by new investors including Movement Mortgage, First American Financial, and FinVC. Existing investors 8VC, Khosla Ventures, and Fifth Wall also participated in the round. Tyler Sosin, Partner at Menlo Ventures, will join Polly’s Board of Directors.
With this new round of funding, Polly will accelerate technology innovation, invest in AI and machine learning capabilities, and grow its ecosystem of partners to continue reinventing the mortgage capital markets. The company also plans to expand its product and engineering teams so that its customers can continue to benefit from the best and brightest technical and mortgage capital market's minds.
Company: PollyEx, Inc
Raised: $37.0M
Round: Series B
Funding Month: January 2022
Lead Investors: Menlo Ventures
Additional Investors: Movement Mortgage, First American Financial, FinVC 8VC, Khosla Ventures, and Fifth Wall
Company Website: https://polly.io/
Software Category: Mortgage capital market solutions
About the Company: Founded in 2019 by a seasoned team of technology and mortgage experts, Polly is a fast-growing SaaS technology company transforming the mortgage capital markets industry. Polly provides a revolutionary system of record and automation engine that lenders and loan buyers trust to optimize performance from rate lock to loan sale and delivery. Polly is fundamentally changing the way lenders and loan buyers operate by enabling them to make data-driven decisions through modern, best-in-class technology solutions. Polly increases gain on sale execution, automates workflows, and provides actionable data analytics for its customers. Polly is based in San Francisco, California.
Source: https://www.businesswire.com/news/home/20220126005213/en/Polly-Raises-37-Million-in-Series-B-Funding-to-Modernize-Capital-Markets