JetClosing raises $9M in Series B funding
JetClosing , a digital home closing service for resales and refinances, announced the close of its $9 million Series B funding round led by funds and accounts advised by T. Rowe Price Associates, Inc., with additional investments from Pioneer Square Labs (PSL) and Trilogy Equity, bringing its fundraising total to $35 million.
The investment will fuel continued expansion for the cloud-based digital title company, streamlining historically manual, in-person processes that have lacked transparency and efficiency for home buyers, sellers, agents, and borrowers. JetClosing utilizes fully encrypted workflows for secure document transfers, wire transactions, remote online notarizations (RON), and e-signatures. User information is further guarded using multi-factor authentication, which introduces safe, transparent, and remote digital home closings and refinancings for the first time.
“In light of the current economy, this funding demonstrates unequivocally that there is a real market need for a digital workflow to facilitate home closings for resale and refinancing transactions. Pandemic or not, consumers expect a technology-first closing process that’s catered to their fast-paced, on-demand, and mobile lifestyles. This investment will allow JetClosing to expand into new markets while continuing to add features and bolster our platform’s overall user experience.” – Dan Greenshields, CEO of JetClosing.