Closinglock (a leading fintech and fraud prevention technology provider for the real estate industry) announced the successful closure of its $12 million Series A funding round. Led by Headline and backed by LiveOak Ventures, RWT Horizons, and GTMfund. This funding round will help drive Closinglock’s goal to transform the transfer of funds and information in real estate.
This is a major moment for Closinglock, validating its innovative approach and robust platform to fortify the real estate industry against fraudulent activities and financial risks.
This funding round will empower Closinglock to accelerate product development, expand its technological infrastructure, and enhance its capabilities in safeguarding and streamlining real estate transactions.
As fraudulent schemes evolve, Closinglock is committed to advancing its product offerings and improving security at every corner, utilizing cutting-edge technology and a customer-centric approach.
KEY QUOTES:
“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.”
– Andy White, Co-founder and CEO of Closinglock
“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. 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.”
– King Goh, partner at Headline
