Snapdocs joined the Unicorn Club on May 25, 2021, after raising a $150 million Series D funding round led by Tiger Global Management, valuing the company at $1.5 billion. Headquartered in San Francisco, California, United States, Snapdocs provides a SaaS-driven digital closing platform for the real estate and mortgage industry. It connects lenders, title and escrow companies, notaries, and borrowers through a unified ecosystem designed to simplify mortgage closings, reduce manual work, and ensure data accuracy.
Keep reading to see how Snapdocs became a $1.5 billion proptech leader transforming real estate transactions.
What Is Snapdocs and What Does It Do?
Founded in 2013, Snapdocs helps real estate professionals streamline mortgage loan closings and improve the borrower experience. The platform offers digital solutions that replace fragmented, paper-heavy processes with efficient, automated workflows.
Snapdocs’ system securely manages document transfers, provides compliance tools, and integrates with accounting platforms like QuickBooks to eliminate manual data entry. By digitizing every step of the closing process, the company reduces errors, shortens timelines, and enhances collaboration between all transaction participants.
How Much Funding Has Snapdocs Raised?
- Series D Round
- Amount Raised: $150 million
- Date: May 25, 2021
- Lead Investor: Tiger Global Management
- Purpose: Expand the digital closing platform, strengthen integrations with financial institutions, and accelerate adoption across mortgage lenders.
- Earlier Rounds (Seed to Series C)
- Cumulative Funding: ~$115 million
- Key Investors: Wellington, 137 Ventures, Sequoia Capital
- Purpose: Enhance automation capabilities, expand the team, and scale real estate network partnerships.
Total Funding Raised: ~$265 million
Latest Funding Date: May 25, 2021
Latest Known Valuation: ~$1.5 billion
Employee Count: 505 (as of Dec 31, 2022)
Key Investors
- Tiger Global Management
- Details: Global investment firm supporting technology companies with strong network effects and scalability.
- Focus Areas: SaaS, fintech, proptech, and enterprise software.
- Wellington Management
- Details: Independent investment management firm backing high-growth tech companies globally.
- Focus Areas: Fintech, real estate technology, and enterprise solutions.
- 137 Ventures
- Details: Growth-stage venture firm investing in transformative private companies.
- Focus Areas: SaaS platforms, digital infrastructure, and data-driven solutions.
- Sequoia Capital
- Details: Leading venture capital firm known for early investments in innovative tech companies.
- Focus Areas: Cloud computing, fintech, and software-driven business models.
Where Is Snapdocs’ Headquarters?
Snapdocs is headquartered in San Francisco, California, United States. Its operations include software development, enterprise client management, and partnership programs with lenders, title companies, and real estate service providers.
What’s Next for Snapdocs?
Snapdocs plans to further expand its digital closing ecosystem across North America and integrate AI-driven automation to enhance accuracy and reduce transaction costs. The company continues to partner with financial institutions and title providers to streamline home-buying workflows and make digital mortgage closings the new industry standard.
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