Closinglock, a provider of fintech and fraud prevention technology for the real estate industry, has secured $34 million in Series B funding. The round was led by Sageview Capital, with participation from Headline and RWT Horizons. Closinglock says it’s protected over 1 million home sales worth more than $500 billion and has facilitated the secure transfer of over $600 million in payments.
“With near 25x growth over the past three years, and outstanding customer satisfaction ratings of 90 percent, it’s evident Closinglock is delivering exceptional value to its customers. We are excited to support the company in unlocking its full potential and driving further growth in the industry,” said Ned Gilhuly, founding partner of Sageview Capital, in a statement.
The company says the funding will be used to enhance and expand Closinglock’s products, including the development of solutions to combat AI and deepfake fraud. In the coming year, Closinglock anticipates further growth and additional hiring as it’s in the process of securing a new office space in downtown Austin.
