JetClosing Raises $9 Million to Expand Digital Platform

August 4, 2020

JetClosing announced it recently raised $9 million to fuel continued expansion of the company’s cloud-based digital platform.

Additional investments were made by Pioneer Square Labs (PSL) and Trilogy Equity, bringing JetClosing’s total fundraising to $35 million.

JetClosing utilizes fully encrypted workflows for secure document transfers, wire transactions, remote online notarizations (RON) and e-signatures. User information is further guarded using multi-factor authentication, which introduces safe, transparent and remote digital home closings and refinancings for the first time.

"In light of the current economy, this funding demonstrates unequivocally that there is a real market need for a digital workflow to facilitate home closings for resale and refinancing transactions," said Dan Greenshields, CEO of JetClosing. "Pandemic or not, consumers expect a technology-first closing process that's catered to their fast-paced, on-demand, and mobile lifestyles. This investment will allow JetClosing to expand into new markets while continuing to add features and bolster our platform's overall user experience."

JetClosing, which is currently available in Arizona, Colorado, Nevada, Florida, Pennsylvania, Texas and Washington, has instituted several security measures, including a recent partnership with CertifID, a real-time identity and account verification platform for protecting money transfers.

"Our investment in JetClosing recognizes the company's growth as well as the value of the underlying technologies that power the platform and protect user data," said Geoff Entress, managing director of PSL. "Cybersecurity is so critical in a remote operating environment and JetClosing's standards are unmatched in the industry. We clearly see the opportunity for JetClosing to become the platform of choice for all home closings and refinancings, giving buyers, sellers, agents, and borrowers confidence throughout the process."


Contact ALTA at 202-296-3671 or communications@alta.org.

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