PropLogix Secures Investment From Private Equity Firm
August 31, 2021
PropLogix secured a strategic growth investment from Accel-KKR, a technology-focused private equity firm to accelerate market expansion plans, scale product development and pursue acquisition opportunities. The company was included in the 2021 Inc. 5000 fastest-growing private companies for the fifth year in a row, having achieved 265% growth rate over the past three years.
“PropLogix was founded over 10 years ago to provide a better alternative to what was then a tedious and fragmented title search process that left homebuyers with information blindspots and potential financial exposures—all in the name of buying a home,” said Jesse Biter, CEO of PropLogix. “Fast forward a decade later, PropLogix is a technology-first leader in title due diligence, and we continue to see substantial growth year-over-year as thousands of customers fall in love with the benefits of efficiencies, speed and accuracy gained from using our proprietary software and digital services. The real estate market is still in the nascent stage of digital transformation, so we are very excited about partnering with Accel-KKR and tapping their software experience and significant resources to capitalize on the industry growth.”
Greg Williams, managing director at Accel-KKR, added, “We have been impressed by PropLogix’s deep domain knowledge, market vision and strong team culture. As a partner to PropLogix, Accel-KKR is committed to and focused on providing capital and expertise to help the entire PropLogix team accelerate growth and scale their product and development capabilities.”
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