Ohio Title Startup Raises Nearly $25M From Investors
December 2, 2021
Columbus, Ohio-based Empora Title officially entered the market after garnering $24.6 million over the past year from venture capital firms.
The title company was founded by CEO Megan Harris, who previously served in product management for the cybersecurity firm SafeChain.
"Empora is re-thinking the title experience,” Harris said. “Our intent was to launch a digital title agency for customers who want an entirely different experience than ever before. Whether you have 1 or 100 deals underway, everyone receives the same, best-in-class service, time savings and clarity throughout their closings."
Harris said her company features an intuitive portal that allows clients to track the status of their transaction. The dashboard also houses key documents and secures sensitive information, while automating and expediting the title transaction. Now servicing Ohio, Harris said Empora will soon expand its footprint on a national level.
Caffeinated Capital led the $20 million Series A funding round, with participation from Background Capital and returning investor SciFi VC. SciFi also led a $4.6 million seed round last December, with Root Insurance and Opendoor Technologies Inc.
"Empora brings an innovative and complementary product to market that will inevitably disrupt the title industry as we know it," said Raymond Tonsing, founder and managing partner at Caffeinated Capital. "Megan Harris is an exceptional talent with the experience and expertise to build a large and meaningful company. We take great pride in being one of their first investors and look forward to partnering with Empora."
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