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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
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.
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.
People of FirstClose
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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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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
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Investments & Acquisitions by FirstClose
FirstClose has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include HomeScout.
Investment portfolio details for FirstClose
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Real estate management solutions are provided by HomeScout.
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Complete acquisition details for FirstClose
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Financial Statements - FirstClose
Detailed financials for FirstClose
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Firstclose Comparisons
Peer comparison for FirstClose
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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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Latest news on Firstclose
Complete news archive for FirstClose
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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.