Endpoint Secures $150 Million in Additional Funding
October 21, 2021
Endpoint has secured an additional $150 million in funding from its parent company, First American Financial Corp.
This latest investment, which brings the total capital raised by the company to $220 million, will allow Endpoint to augment its technology team, further invest in title and settlement automation, and expand its capabilities for proptech companies and real estate professionals focused on delivering a re-imagined home closing process to their customers.
“Endpoint’s impressive growth reflects First American’s commitment to leading the digital transformation of title and settlement,” said Dennis Gilmore, CEO of First American Financial Corporation. “This next phase of investment will further accelerate our overall efforts to improve the process of transacting real estate.”
Since its launch in 2018, Endpoint has closed more than $2.5 billion in transactions. In 2021, Endpoint doubled its employee base as it expanded into Northern California and Texas, and continued to grow its existing operations in Washington, Arizona and Southern California.
Endpoint reported it has enhanced its platform by leveraging artificial intelligence to expedite processes and reduce the time needed to complete tasks, allowing title and settlement services professionals to spend more time supporting buyers and sellers.
“The additional investment from First American supports our mission to deliver a fully digital closing experience to even more buyers, sellers and real estate professionals,” said Scott Martino, CEO of Endpoint. “The capital will fuel enhancements designed to further our position as the go-to company for agents and proptech companies focused on providing a purchase experience that integrates state-of-the-art technology and superior customer service.”
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