Closing

San Diego, United States Founded: 2005 • Age: 21 yrs Acquired By CoreLogic
Data and technology service provider for estimating the closing cost of real estate transactions
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About Closing

Closing is a company based in San Diego (United States) founded in 2005 was acquired by CoreLogic in June 2021.. Closing has raised $45.45 million across 11 funding rounds from investors including Cotality. The company has 101 employees as of December 31, 2022. Closing has completed 1 acquisition, including Westvm. Closing offers products and services including Matrix™, Araya™, AutomatIQ® Borrower, Claims Workspace™, and Marshall & Swift® Valuation. Closing operates in a competitive market with competitors including Landeed, LandTech, IndexTap, RedVision and StreetWire, among others.

  • Headquarter San Diego, United States
  • Employees 101 as on 31 Dec, 2022
  • Sectors
    Real Estate & Construction
    Financial Services Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Closingcorp, Inc.
Operational Areas
Real Estate & Construction → Property Technology (PropTech)
Financial Services → FinTech & Digital Finance
Technology → Cloud, Data & Analytics Infrastructure
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $45.45 M (USD)

    in 11 rounds

  • Latest Funding Round
    $3.25 M (USD), Series B

    Jan 07, 2020

  • Investors
  • Employee Count
    101

    as on Dec 31, 2022

  • Investments & Acquisitions
  • Acquired by
    CoreLogic

    (Jun 30, 2021)

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Products & Services of Closing

Closing offers a comprehensive portfolio of products and services, including Matrix™, Araya™, AutomatIQ® Borrower, Claims Workspace™, and Marshall & Swift® Valuation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Platform for real estate listing and management in North America.

Tool for accessing and analyzing property data insights quickly.

System for seamless verification and qualification in finance.

Software to simplify insurance claims workflows and outcomes.

Service for accurate replacement cost evaluation in real estate.

Tool to identify customers with strong buying intent in properties.

Platform for planning ahead with AI-driven climate risk insights.

People of Closing
Headcount 50-200
Employee Profiles 20
Board Members and Advisors 6
Employee Profiles
People
Dan Mugge
CTO
People
Bob Jennings
CEO
People
Wayne Mason
Data Management Specialist
People
Paolo Dones
Data Research & Analysis

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Board Members and Advisors
people
Shayne Skaff
Board Member
people
Peter Presland-Byrne
Board Member
people
Annemaria Allen
Board Member
people
John McNellis
Board Member

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Funding Insights of Closing

Closing has successfully raised a total of $45.45M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $3.25 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 11
  • Last Round Series B — $3.2M
  • First Round

    (01 Jun 2007)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2020 Amount Series B - Closing Valuation

investors

Mar, 2016 Amount Series B - Closing Valuation

investors

Jun, 2015 Amount Series B - Closing Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Closing

Closing has secured backing from 1 investor. Prominent investors backing the company include Cotality. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Property data and analytics solutions are provided by Cotality.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Closing

Closing has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Westvm. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Web-based appraisal management solutions for residential property valuation are provided.
2010
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Closing

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Closing Comparisons

Employees
+
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Competitors of Closing

Closing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Landeed, LandTech, IndexTap, RedVision and StreetWire, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

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SaaS land prospecting solutions are provided for construction professionals.
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Online platform for real estate buying, renting, and listing in Mumbai and Pune.
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Title searches and real property data consultancy solutions are provided.
domain founded_year HQ Location
Decentralized blockchain platform for real estate data transactions is operated.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Closing

Frequently Asked Questions about Closing

When was Closing founded?

Closing was founded in 2005 and raised its 1st funding round 2 years after it was founded.

Where is Closing located?

Closing is headquartered in San Diego, United States. It is registered at San Diego, California, United States.

Is Closing a funded company?

Closing is a funded company, having raised a total of $45.45M across 11 funding rounds to date. The company's 1st funding round was a Series B of $5M, raised on Jun 01, 2007.

How many employees does Closing have?

As of Dec 31, 2022, the latest employee count at Closing is 101.

What does Closing do?

Founded in 2005 and based in San Diego, United States, Closing operates in the real estate technology sector. A database of closing costs, including recording fees and transfer taxes for residential properties, is maintained. Services are extended to mortgage lenders, title and settlement companies, and real estate professionals to facilitate transactions. Additional closing services, such as insurance, property inspections, and legal compliance, are offered.

Who are the top competitors of Closing?

Closing's top competitors include Landeed, LandTech and IndexTap.

What products or services does Closing offer?

Closing offers Matrix™, Araya™, AutomatIQ® Borrower, Claims Workspace™, and 3 more products and services.

How many acquisitions has Closing made?

Closing has made 1 acquisition, including Westvm.

Who are Closing's investors?

Closing has 1 investor. Key investors include Cotality.

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