Closinglock, a prominent fintech and fraud prevention technology provider for the real estate sector, has successfully closed its Series A funding round, raising $12 million. The round was led by Headline and supported by LiveOak Ventures, RWT Horizons, and GTMfund. This investment represents a significant milestone for Closinglock, highlighting its commitment to revolutionizing fund and information transfer within real estate while fortifying the industry against fraudulent activities and financial risks.
Andy White, Co-founder and CEO of Closinglock, expressed gratitude for the support, emphasizing the dedication and expertise of the team and the relevance of their solutions in combating real estate fraud. White stated, “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 capital infusion will enable Closinglock to expedite product development, enhance its technological infrastructure, and bolster its capabilities in safeguarding and streamlining real estate transactions. In the face of evolving fraudulent schemes, Closinglock remains committed to advancing its product offerings and enhancing security through 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.”
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By Proptechbuzz
By Ravi Kumar