CloseSimple Receives Investment to Bring More Transparency to Closing Process
December 8, 2022
CloseSimple closed a multi-million dollar investment from growth equity firm Plymouth Growth.
The new capital enables CloseSimple to hire top-tier talent, accelerate product development and broaden its outreach to companies in the title industry seeking a modern platform to provide a cohesive digital closing experience.
"From the beginning we've been tackling this big need for more transparency and visibility in the real estate process, and it's been incredible to hear how CloseSimple is helping our clients do just that." said Paul Stine, CEO and co-founder of CloseSimple. "Right now, companies in our industry are doubling down on tech, and with the backing of Plymouth Growth, we have the opportunity to continue meeting the needs of our clients, and ultimately simplify the real estate transaction for all parties."
CloseSimple is a software-as-a-service (SaaS) solution used by title companies, escrow companies and real estate attorneys to enhance the experience of closing on a real estate transaction with automated text message updates, custom branded email, the Pizza Tracker for Title visual timeline and client-facing portal. CloseSimple's platform leverages strategic integrations to bring buyers, sellers, real estate agents, lenders and attorneys into one digital closing experience, driving efficiencies, consistency in process and differentiation in the market for its customers.
"Plymouth is thrilled to have the opportunity to invest in such a rapidly growing company as CloseSimple,” said Jeff Barry, partner at Plymouth Growth. “Their unique technology addresses critical communications and workflow issues in moving to close transactions. CloseSimple's strong customer focus impressed us from the start and has led to significant credibility in the marketplace that we fully expect to continue."
Bill Svoboda, president and co-founder of CloseSimple, added, “Last year CloseSimple helped deliver over 50,000,000 text message and email status updates to buyers, sellers, Realtors and lenders. I love knowing that our clients can communicate more efficiently and proactively, which can result in up to 75% fewer incoming questions during the closing process, while setting themselves apart from the competition with our white-labeled solution."
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