FirstClose

Austin, United States Founded: 2000 • Age: 26 yrs
Mortgage settlement solutions and home equity tools are provided.
Annual revenue - Latest available
Total funding $39.7M 4 rounds
Employees - Tracked headcount
Investors 3 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About FirstClose

FirstClose is a company based in Austin (United States) founded in 2000 by Tedd Smith and Tim Smith. FirstClose has raised $39.7 million across 4 funding rounds from investors including Pac-West Telecomm, Lateral Investment Management and Cypress Growth Capital. FirstClose has completed 1 acquisition, including HomeScout. FirstClose offers products and services including FirstClose Equity, Borrower Portal, and Order Management. FirstClose operates in a competitive market with competitors including Black Knight, Stavvy, Staircase, eLynx and Digital Risk, among others.

  • Headquarter Austin, United States
  • Founders Tedd Smith, Tim Smith
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Firstclose, Inc.
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $39.7 M (USD)

    in 4 rounds

  • Latest Funding Round
    $4.7 M (USD), Series B

    Sep 25, 2025

  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
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Products & Services of FirstClose

FirstClose offers a comprehensive portfolio of products and services, including FirstClose Equity, Borrower Portal, and Order Management.

Product name locked
Category locked
Primary

End-to-end platform for home equity loan applications and processing.

Product name locked
Category locked
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Secure portal for borrowers to track and upload loan documents.

Product name locked
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System for managing settlement services in loan transactions.

People of FirstClose

Headcount 50-200
Employee Profiles 28
Employee Profiles
People
Tedd Smith
Co-founder and CEO
People
Pat Downing
CTO
People
Corey Smith
Chief Product Officer
People
Dan Kellett
Chief Technology Officer

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Funding Insights of FirstClose

FirstClose has successfully raised a total of $39.7M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $4.7 million completed in September 2025. 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.

Investors in FirstClose

FirstClose has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Pac-West Telecomm, Lateral Investment Management and Cypress Growth Capital.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Private equity investments are made in founder-led businesses.
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Non-dilutive growth capital is provided by Cypress Growth Capital.
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Traditional and cloud-based telecom infrastructure services are provided.
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Investor details for FirstClose

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by FirstClose

FirstClose has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HomeScout.

Investments
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Investment portfolio details for FirstClose

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Real estate management solutions are provided by HomeScout.
Locked Locked 1995 Locked
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Complete acquisition details for FirstClose

Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.

  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - FirstClose

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Detailed financials for FirstClose

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  • Profit trends
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Firstclose Comparisons

FirstClose Primary company
Description
Mortgage settlement solutions and home equity tools are prov...
Location
Austin, United States
Founded Year
2000
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for FirstClose

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
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  • Operating benchmarks

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Competitors of FirstClose

FirstClose 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 Black Knight, Stavvy, Staircase, eLynx and Digital Risk, among others.

Company Name Domain Founded year HQ Location Description
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Provider of an AI-based cloud platform offering loan life cycle management solutions to lenders
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Digital platform for real estate transactions is provided.
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A comprehensive suite for mortgage loan lifecycle management is offered.
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Document automation platform is offered for financial institutions.
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Provider of risk, compliance, and transaction management solutions to mortgage industry
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Detailed competitors of FirstClose

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  • Domains and locations
  • Full company profiles
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Latest news on Firstclose

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Complete news archive for FirstClose

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about FirstClose

FirstClose was founded in 2000 and raised its 1st funding round 18 years after it was founded.

FirstClose is headquartered in Austin, United States. It is registered at Austin, Texas, United States.

Tedd Smith is the current CEO of FirstClose. They have also founded this company.

FirstClose is a funded company, having raised a total of $39.7M across 4 funding rounds to date.

Mortgage settlement solutions provider. The company offers EquityIQ which is a home equity lead generation tool and application management system that can be integrated with loan origination software. Offers FirstClose which is a property and borrower data intelligence and settlement solution. Provides a home equity and refi tool that offers features such as loan application, credit score, valuation, title, tax, flood, loan closing recording and loan servicing.

FirstClose's top competitors include Stavvy, Digital Risk and Black Knight.

FirstClose offers FirstClose Equity, Borrower Portal, and Order Management.

FirstClose has made 1 acquisition, including HomeScout.

FirstClose has 3 investors. Key investors include Pac-West Telecomm, Lateral Investment Management, and Cypress Growth Capital.

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