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Closinglock Secures $12M in Series A Funding to Build on Its Success Against Real Estate Fraud

#SeriesA--Closinglock, a leading fintech and fraud prevention technology provider for the real estate industry, proudly announces the successful closure of its $12M Series A funding round. Led by Head...

Business Wire

AUSTIN, Texas: #SeriesA--Closinglock, a leading fintech and fraud prevention technology provider for the real estate industry, proudly announces the successful closure of its $12M Series A funding round. Led by Headline and backed by LiveOak Ventures, RWT Horizons and GTMfund, this investment drives forward Closinglock’s mission to revolutionize the transfer of funds and information in real estate.

This marks a pivotal moment for Closinglock, validating its innovative approach and robust platform aimed at fortifying the real estate industry against fraudulent activities and financial risks.

Andy White, Co-founder and CEO of Closinglock, expressed excitement and gratitude for the support, stating, “This Series A funding is a testament to the dedication and expertise of our team, as well as the relevance of our solutions in combating fraud in real estate. We are thrilled to add Headline as a partner as we continue to innovate and strengthen our offerings to better serve our clients.”

This significant infusion of capital will empower Closinglock to accelerate product development, expand its technological infrastructure and further enhance its capabilities in safeguarding and streamlining real estate transactions.

As fraudulent schemes continue to evolve, Closinglock maintains a steadfast commitment to advancing its product offerings and improving security at every corner, leveraging cutting-edge technology and a customer-centric approach.

“When we first met with Closinglock, we were immediately impressed with their dedication to solving the increasingly complex problems in real estate - spanning fraud, trustworthy payments and software,” claimed King Goh, partner at Headline. “Complemented by their industry expertise, technology and product depth, we knew right away that Closinglock was up to this challenge. We couldn’t wait to partner with them and get started.”

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. Learn more at Closinglock.com.

About Headline

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. Its portfolio includes category creators across both B2B and B2C such as Acorns, Angies List, AppFolio, Bitwarden, Bumble, Creditas, Farfetch, Gopuff, Honeycomb, Pismo, The RealReal, Scopely, Segment, SEMrush, Sonos, Stafffbase, and Yeahka, among others. Learn more at Headline.com.

Fonte: Business Wire

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