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
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Firstclose, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.7 M (USD)
in 4 rounds
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Latest Funding Round
$4.7 M (USD), Series B
Sep 25, 2025
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Investors
Pac-West Telecomm
& 2 more
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Employee Count
Employee Count
- 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. 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.
End-to-end platform for home equity loan applications and processing.
Secure portal for borrowers to track and upload loan documents.
System for managing settlement services in loan transactions.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $4.7M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series B - FirstClose | Valuation |
investors |
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| May, 2022 | Amount | Series B - FirstClose | Valuation | Lateral Investment Management |
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| Nov, 2019 | Amount | Debt – Conventional - FirstClose | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are made in founder-led businesses.
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Founded Year | Domain | Location | |
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Non-dilutive growth capital is provided by Cypress Growth Capital.
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Founded Year | Domain | Location | |
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Traditional and cloud-based telecom infrastructure services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FirstClose
FirstClose has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HomeScout. 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.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Real estate management solutions are provided by HomeScout.
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1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FirstClose
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Firstclose Comparisons
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. 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an AI-based cloud platform offering loan life cycle management solutions to lenders
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| domain | founded_year | HQ Location |
Digital platform for real estate transactions is provided.
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| domain | founded_year | HQ Location |
A comprehensive suite for mortgage loan lifecycle management is offered.
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| domain | founded_year | HQ Location |
Document automation platform is offered for financial institutions.
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| domain | founded_year | HQ Location |
Provider of risk, compliance, and transaction management solutions to mortgage industry
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Firstclose
Frequently Asked Questions about FirstClose
When was FirstClose founded?
FirstClose was founded in 2000 and raised its 1st funding round 18 years after it was founded.
Where is FirstClose located?
FirstClose is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of FirstClose?
Tedd Smith is the current CEO of FirstClose. They have also founded this company.
Is FirstClose a funded company?
FirstClose is a funded company, having raised a total of $39.7M across 4 funding rounds to date.
What does FirstClose do?
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.
Who are the top competitors of FirstClose?
FirstClose's top competitors include Stavvy, Digital Risk and Black Knight.
What products or services does FirstClose offer?
FirstClose offers FirstClose Equity, Borrower Portal, and Order Management.
How many acquisitions has FirstClose made?
FirstClose has made 1 acquisition, including HomeScout.
Who are FirstClose's investors?
FirstClose has 3 investors. Key investors include Pac-West Telecomm, Lateral Investment Management, and Cypress Growth Capital.
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