TitleWise, a San Francisco-based company that is digitizing title research, today announced that it has raised $855K in seed funding. The round was led by XSeed Capital, with participation from 1855 Capital, Amplify VC, and a group of angel investors.
The company will use the funds to develop its platform, which allows users to research title records quickly and easily. TitleWise’s platform uses a combination of artificial intelligence and machine learning to extract data from title records, making it easy for users to find the information they need.
“We are excited to announce this funding round, which will allow us to accelerate our mission of digitizing title research,” said Daniel Chen, CEO and co-founder of TitleWise. “With this funding, we will be able to build our platform into a powerful tool for businesses and individuals, and we will also be able to grow our team.”
The demand for digitized title research is growing rapidly. According to a recent report by the National Association of Realtors, the average time to close on a home sale is now 30 days, up from 25 days in 2019. This increase in the time to close is due in part to the need for title research, which can be a time-consuming and complex process. TitleWise’s platform aims to address this challenge by making title research more efficient and accessible.
“We are impressed by TitleWise’s platform and its potential to revolutionize the title research industry,” said Michael Leong, Partner at XSeed Capital. “The company’s platform has the potential to make a significant impact on the way that businesses and individuals buy and sell property, and it is well-positioned to capitalize on the growing demand for digitized title research.”
This funding round is a significant validation of TitleWise’s platform and its potential to impact the real estate industry. The company is well-positioned to capitalize on the growing demand for digitized title research, and this funding will help it to accelerate its growth and reach.
TitleWise is a San Francisco-based company that is digitizing title research. The company’s platform uses a combination of artificial intelligence and machine learning to extract data from title records, making it easy for users to find the information they need. TitleWise was founded in 2022 by Daniel Chen, a former investment banker, and Sudish Mogli, a former Google engineer.
About XSeed Capital
XSeed Capital is a venture capital firm that invests in early-stage technology companies. The firm has over $100 million in assets under management and has invested in over 100 companies, including Airbnb, DoorDash, and Slack. XSeed Capital was founded in 2004 and is headquartered in San Francisco, California.
- TitleWise’s platform is currently available to businesses and individuals in the United States.
- The company plans to expand its platform to other countries in the coming years.
- TitleWise is looking for partners to help it expand its reach. If you are interested in partnering with TitleWise, you can learn more on the company’s website.