Total amount raised
$160 Millions
Latest funding date
12/1/2020
Location
Qualia has successfully raised significant capital through multiple funding rounds, with its latest being a Series D. The company offers a digital real estate closing platform that is transforming the industry for professionals and consumers alike.
Continue reading to delve into the details of Qualia's funding journey and the investors who are backing this innovative platform.
What Is Qualia?
Founded in 2015, Qualia is headquartered in San Francisco, California, with additional offices in Austin, TX, and Superior, CO. The company was established by Joel Gottsegen, Lucas Hansen, and Nate Baker.
Qualia specializes in providing a cloud-based platform for real estate and mortgage businesses, streamlining the home closing and refinance experience. Their platform connects homebuyers and sellers, mortgage lenders, title & escrow agents, and real estate agents on one secure, remote platform.
With a workforce of 251-500 employees, Qualia is a leading digital real estate closing platform used by over half a million real estate and mortgage professionals.
How Much Funding Has Qualia Raised?
- Series A
- Amount Raised: $7M
- Date: September 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their digital real estate closing platform.
- Series A
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Bienville Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and improve platform features.
- Series B
- Amount Raised: $33M
- Date: March 2018
- Lead Investors: Menlo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series C
- Amount Raised: $55M
- Date: November 2019
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand product offerings.
- Series D
- Amount Raised: $65M
- Date: December 2020
- Lead Investors: Tiger Global Management
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To further accelerate the digital transformation of the real estate industry and support the acquisition of Adeptive Software.
Total Amount Raised: $160M. Current Valuation: Over $1 billion.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They have a strong track record of backing high-growth companies worldwide.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that invests in consumer, enterprise, and life sciences companies. They have been a significant player in the venture capital space for over four decades.
- Investment Focus Areas: Consumer, enterprise, life sciences.
- Notable Investments: Uber, Roku, Warby Parker.
- Bienville Capital
- Details: Bienville Capital is an investment firm that focuses on a variety of sectors including technology, real estate, and financial services. They are known for their strategic and diversified investment approach.
- Investment Focus Areas: Technology, real estate, financial services.
- Notable Investments: Not publicly disclosed.
- 8VC
- Details: 8VC is a venture capital firm that focuses on technology and innovation, investing in companies that aim to create significant societal impact. They are known for their hands-on approach in helping startups grow.
- Investment Focus Areas: Technology, innovation, societal impact.
- Notable Investments: Palantir, Wish, Guardant Health.
What's Next for Qualia?
Qualia's future is brimming with opportunities, particularly in expanding its digital real estate closing technology. The recent acquisition of Adeptive Software positions Qualia to integrate and enhance its services, accelerating the digital transformation of the real estate industry. With a valuation over $1 billion and a robust platform used by over half a million professionals, the potential for growth is substantial.
Given the significant valuation and recent funding round, Qualia is well-positioned for future investments. The company may attract additional funding to further expand its platform and services, potentially leading to more acquisitions to enhance its technology stack and market reach.
However, challenges lie ahead. Integrating Adeptive Software smoothly and staying ahead of competitors in the digital real estate closing space will be crucial. Ensuring data security and compliance with industry regulations will also be essential as Qualia continues to grow.
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