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JetClosing raises more cash to expand mobile-first real estate closing platform


JetClosing is finding traction with its mobile-first real estate closing platform ... currently operates in Washington, Colorado, and Arizona, where it launched this past October. Here’s more description from the company’s FAQ page: However, JetClosing ...


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by Taylor Soper on January 15, 2018 at 10:17 amJanuary 15, 2018 at 10:20 am Comments   Share  11 Tweet Share Reddit Email Support GeekWire! Become a member today The JetClosing teamPhoto via JetClosing. JetClosing is finding traction with its mobile-first real estate closing platform. The Seattle startup just raised another $800,000 via a convertible note from existing investors Trilogy Equity Partners and Pioneer Square Labs to help fuel growthTotal funding is now $5.2 million. JetClosing digitizes the home closing process for buyers, sellers, and realtors, removing paper forms and bringing everything to the cloud. The company, which makes money by charging a fee as part of the transaction when it closes, currently operates in Washington, Colorado, and Arizona, where it launched this past October. JetClosing employs 30 people and recently moved its headquarters to a new office in downtown SeattleDaniel Greenshields, the company’s CEO, told GeekWire that the startup had an annualized monthly revenue over $1 million at end of 2017. Here’s more description from the company’s FAQ page: However, JetClosing is also very different from other title and escrow companiesWe started with the knowledge and insight of a veteran title and escrow team, paired them with tech industry leaders, and gave them a clean slate – to build what title and escrow should beWe invented sophisticated back-office technology to streamline our closing process, and ensure every customer receives the same high level of service, every timeThen we created real-time views into that system with our mobile apps and desktop portal, so there’s no guesswork or uncertainty. Our approach is simpleTitle and escrow has transaction data, documents, and contactsWe know the transaction statusWhy not share them, in real time, so we’re all on the same page? The results speak for themselves – our customers are our biggest fans. Greenshields previously spent nearly 15 years helping run ShareBuilder, a company now owned by Capital One which digitized and sped up the process of buying stocks, bonds, mutual funds, 401(K) plans, and more. JetClosing was one of the first spinouts of Pioneer Square Labs, a Seattle-based startup studio that just raised its own venture capital fundIt has spun out five other startups since 2015: LumaTax, a company that aims to automate sales tax reporting for small businesses. AdLightning, which helps digital publishing outlets scan their sites for disruptive ads. Boundless, a startup that aims to help people navigate the U.Simmigration process. Taunt, a platform that lets esports fans compete against each other. TraceMe, an app that helps connect celebrities with “superfans.” Taylor Soper is a GeekWire staff reporter who covers a wide variety of tech assignments, including emerging startups in Seattle and Portland, the sharing economy and the intersection of technology and sportsFollow him @taylor_soper and email taylor@geekwire.com Comments Share  11 Tweet Share Reddit Email Previous StoryAmazon and Seattle’s NBA dreams: Steve Ballmer on the city’s prospects for bringing back the Sonics Next StoryScientists want future space telescopes to look for risky signs of alien civilizations Filed Under: Startups  Tagged With: fundraising • jetclosing • Venture capital GeekWire Newsletters Subscribe to GeekWire's free newsletters to catch every headline Email address Subscribe GeekWire Daily - Top headlines daily GeekWire Weekly - Most-read stories of the week, delivered Sunday GeekWire Sports Tech - The intersection of sports & technology, delivered weekly GeekWire Space & Science - Weekly headlines from Alan Boyle, award-winning aerospace and science editor GeekWire Podcasts — Weekly update with our latest audio episodes GeekWire Cloud Tech Weekly — Cloud and developer technology, delivered weekly GeekWire Mid-week Update — Most-read stories so far this week, delivered Wednesday GeekWire Local Deals — Special offers for Pacific Northwest area readers Send Us a Tip Have a scoop that you'd like GeekWire to cover? Let us know. Send Us a Tip See MoreGeekWire Events Related Stories JetClosing raises another $2M, will expand real estate closing process service to more states JetClosing raises $2.3M from Trilogy and Maveron to digitize the real estate closing process Startup led by ex-Amazon manager and Obama tech policy guru raises $3.5M to navigate the ‘opaque, intimidating, and high-stakes’ immigration process Seattle entrepreneur Matt Hulett joins Pioneer Square Labs to pursue new ideas in eSports Previous StoryAmazon and Seattle’s NBA dreams: Steve Ballmer on the city’s prospects for bringing back the Sonics Next StoryScientists want future space telescopes to look for risky signs of alien civilizations Like what you're reading? 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