Snapdocs Raises $150 Million In Series D Funding

May 25, 2021•about 4 years ago

Amount Raised

$150 Million

Round Type

series d

San Francisco

Description

Snapdocs, a leading digital closing platform for the mortgage industry, announced that it has raised $150 million in Series D funding. The new round will accelerate Snapdocs’ vision of building the digital infrastructure that connects lenders, settlement services and borrowers together to digitize mortgage closings at scale. The round was led by Tiger Global with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management. This brings Snapdocs’ total funding to $260 million and increases valuation to over $1.5 billion.

Company Information

Company

Snapdocs

Location

San Francisco, California, United States

About

Founded in 2013, Snapdocs is the mortgage industry’s leading digital closing platform. With its patented AI technology and connected platform, Snapdocs is on a mission to perfect mortgage closings for all. Powering millions of closings a year, Snapdocs is leading the charge to modernize, streamline, and improve the mortgage process for lenders, borrowers, and settlement. Snapdocs is the only solution with a proven track record of creating a single, scalable process for every closing. Every day, over 130,000 mortgage professionals rely on Snapdocs to automate manual work and digitize paper processes that plague the industry. Snapdocs is a rapidly growing San Francisco based real estate technology company backed by leading investors including Sequoia, Y Combinator, Tiger Global, F-Prime, Zigg Capital, Alkeon, Wellington Management, Greenpoint Partners, Maverick, Founders Fund, SV Angel, Gokul Rajaram, Lachy Groom, Jack and Sam Altman and Coyne Lloyd. To learn more, please visit snapdocs.com.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech