About Stavvy
Stavvy is a Financial Services company based in Santa Monica (United States) founded in 2017 by Amr Mohamed and Eric Rachmel, and was acquired by Stavvy in August 2023. Technology solutions for mortgage investors and borrowers are delivered. It operates on a SaaS (Software-as-a-Service) model. Stavvy has raised $30 million across 3 funding rounds from investors including Stavvy, Canvas Ventures and Point72 Ventures. The company has 36 employees. Its chief executive, as recorded, is Eric Rachmel. Stavvy offers products and services including Homeowner Engagement Portal, Servicer Default Management Portal, Waterfall Rules Engine, and Digital Execution and Notarization Hub. Its focus areas include Mortgage Services and Digital Mortgage Solutions. Its legal entity is BRACE SOFTWARE, INC. Its competitors include Valon Mortgage and Clerkie; 2 of its 2 listed competitors have raised funding.
Company details
Stavvy is engaged in delivering digital solutions for mortgage servicing, lending, and real estate transactions. The company offers platforms like the Homeowner Engagement Portal and Servicer Default Management Portal to streamline loss mitigation and default management processes. Solutions are provided for mortgage lenders, title and settlement firms, and real estate law firms, focusing on efficiency through automation and compliance. Digital tools for notarization and document execution are also included to enhance security and speed in transactions. The company operates in the financial services sector, targeting digital transformation in mortgage and real estate industries.
Products & Services of Stavvy
Stavvy offers a comprehensive portfolio of products and services, including Homeowner Engagement Portal, Servicer Default Management Portal, Waterfall Rules Engine, and Digital Execution and Notarization Hub.
A portal for homeowners to apply for assistance online.
Customizable software for mortgage servicers to manage defaults.
Automates compliance and eligibility decisions for mortgage servicers.
Enables remote electronic execution of mortgage servicing documents.
Funding Insights of Stavvy
Stavvy has successfully raised a total of $30M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $15.7 million completed in January 2021. 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 $30M
- Total Rounds 3
- Last Round Series B — $15.7M
- First Round $4.3M
(Feb 2019)
- Investors Count 10
All 3 funding rounds of Stavvy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2021 | $15.7M | Series B | – | Canvas Ventures | |
| Feb 2020 | $10M | Series A | – | Point72 Ventures | |
| Feb 2019 | $4.3M | Seed | – | Crosslink Capital |
11 investors in total: 11 institutional.
Investors in Stavvy
Stavvy has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include Stavvy, Canvas Ventures and Point72 Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm making early stage investment in tech companies in the US | 2013 | canvas.vc | Portola Valley, United States | |
Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies | p72.vc | New York, United States | ||
Venture capital is invested in various sectors by Crosslink Capital. | crosslinkcapital.com | San Francisco, United States | ||
Revolution is recognized as a D.C.-based investment firm. | revolution.com | Washington, Dc, United States | ||
Venture capital firm investing in technology, life sciences, and related sectors. | 8vc.com | |||
Venture capital firm focused on financial sector | clocktowerventures.com | Santa Monica, United States | ||
Venture capital investment firm | siliconbadia.com | New York, United States | ||
Early-stage venture capital fund | 1984.vc | San Francisco, United States | ||
| tectonic.vc | ||||
Venture capital firm focused on fintech, healthcare, consumer, enterprise software, and deep tech sectors | aaf.vc | Washington, Dc, United States |
Investor details for Stavvy
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People of Stavvy
13 people are tracked at Stavvy (13 in leadership); the tracked headcount is 36.
| Name | Role | Group |
|---|---|---|
Amr Mohamed | Co-Founder & CTO | Leadership |
Eric Rachmel | Co-Founder & CEO | Leadership |
Alice Erickson | VP, Finance | Leadership |
Nicholas Thomas Corpuz | Director of Compliance | Leadership |
Jason Keramidas | VP, Product | Leadership |
Rob Brueckmann | VP, Engineering | Leadership |
Jose Morin | VP, Servicing | Leadership |
Becky Hobbs | VP, Marketing | Leadership |
Christoffer Eriksson | VP, Sales | Leadership |
Bryan Wei | Director of Platform & Information Security | Leadership |
Claudia Ponce | Head of People | Leadership |
Veronica Gilton | Head of Platform Technologies | Leadership |
Susan Watkins | Director of Customer Success | Leadership |
Complete people profiles for Stavvy
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Timeline of Stavvy
4 dated milestones of Stavvy across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Stavvy is founded.
- Funding First funding round of $4.3M.
- Funding Latest funding round, Series B, of $15.7M.
- Exit Acquired by Stavvy.
Competitors of Stavvy
Stavvy has 2 listed competitors in our database, 2 of them funded. They include Valon Mortgage and Clerkie.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| valon.com | 2019 | New York, United States | $187.33M | 285 | Cloud-native marketplace for mortgage loans | |
| clerkie.io | 2017 | San Francisco, United States | $35M | 30 | Platform for loan servicing and credit score building through debt management |
Detailed competitors of Stavvy
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Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Stavvy (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Frequently Asked Questions about Stavvy
Stavvy was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Stavvy is headquartered in Santa Monica, United States. It is registered at Santa Monica, California, United States.
Eric Rachmel is the CEO of Stavvy, as recorded in our data. They have also founded this company.
Stavvy is a funded company, having raised a total of $30M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4.3M, raised on Feb 2019.
Stavvy has 36 employees.
Stavvy is engaged in delivering digital solutions for mortgage servicing, lending, and real estate transactions. The company offers platforms like the Homeowner Engagement Portal and Servicer Default Management Portal to streamline loss mitigation and default management processes. Solutions are provided for mortgage lenders, title and settlement firms, and real estate law firms, focusing on efficiency through automation and compliance. Digital tools for notarization and document execution are also included to enhance security and speed in transactions. The company operates in the financial services sector, targeting digital transformation in mortgage and real estate industries.
Stavvy's top competitors include Valon Mortgage and Clerkie.
Stavvy offers Homeowner Engagement Portal, Servicer Default Management Portal, Waterfall Rules Engine, and Digital Execution and Notarization Hub.
Stavvy has 11 investors. Key investors include Stavvy, Canvas Ventures, Point72 Ventures, Crosslink Capital, and Revolution.
Stavvy operates through Brace Software, Inc..
Yes. Stavvy was acquired by Stavvy in August 2023.