The startup world is getting another huge boost this week. The latest story features a US-based home closing startup JetClosing. The company has received another big help from top investors. The Seattle-based company has raised $20 million in its Series A funding round.
The company’s latest funding round was led by T. Rower Price, with some participation from Imagen Capital Partners and PSL Ventures. Existing investors Trilogy Equity Partners and Maveron also joined the funding round. The fresh funds will be used to fuel its marketing campaign, expanding its presence across the United States. The company has already raised $25 million in total funding.
About the high-tech home closing startup JetClosing
Founded in 2016 and Based in Seattle, Washington, JetClosing is a provider of digital real estate title and settlement transaction solutions, which used by buyers and sellers through a professional experience. The startup offers its digital solutions on iOS and Android platform, which allows users to personalize their experience and help them track the progress of the closing experience. The company\’s technology provides real estate a way to provide real-time notifications and messaging to homebuyers about their closing deal.
The company also introduced a new property title scoring system called JetScore, which reportedly similar to a FICO score for credit services. JetClosing is currently available to realtors and buyers in Seattle, Denver, Las Vegas and Phoenix, Arizona. It employs around 34 people and could reach 100 employees before this year ends.
As mentioned earlier by US tech website Geekwire, JetClosing was one of the first spinouts of the Seattle-based startup studio Pioneer Square Labs. JetClosing is not the only Seattle-based company that has received funding from T. Rower Price. The US-based global asset management firm also funded the Seattle-based pet care company Rover. It also backed two other Seattle-based companies, Apptio and OfferUp.