Notarize Raises $20 Million Series B: How We’re Transforming a Massive Yet Untouched Market
(Today we announced our Series B - a $20M round led by Polaris Partners, Realogy, Lennar, and others. You can read the full announcement here.)
It started with a simple idea: that anyone can notarize documents online, anytime, anywhere.
Before Notarize, this was merely a dream. The notarial act is a centuries-old practice that was largely left unchanged. Anyone who’s had to track down a notary, wait for one to visit their house, or urgently need one after business hours or from overseas has probably questioned (like I had) – isn’t there a better way?
Consumers today expect services at the click of a button from the comfort of their own home. With more than 1.25 billion notarizations executed every year, we recognized a massive opportunity to bring an antiqued market into the modern era, enabling anyone to connect with a notary 24x7.
Since we first launched Notarize two years ago, we’ve served tens of thousands of transactions through our platform with a consistent 5-star rating. We’ve changed laws, built coalitions, set standards for the industry and gained first-of-their-kind regulatory approvals.
And as it turns out, by making online notarization a reality, it’s impacted more people, businesses, and industries than we ever imagined.
Notarize has changed how the country’s most important sectors operate, transformed the real estate industry, and solved real world problems for people every single day. We’ve saved vacations, prevented elder abuse and notary fraud, and for the first time ever, made it possible to buy and sell a home entirely online.
To us, this is just the beginning.
Today, we’re proud to announce that we’ve raised an additional $20 million in funding to fuel our next stage of growth. The new funding aides in our vision of becoming the service, always just a tap away, that helps every American execute the most important transactions of their lives.
Last year, the National Association of Realtors made a strategic investment in Notarize. As part of our recent round, we’re thrilled to announce that Realogy and Lennar – two of the largest firms in real estate – have both invested alongside Polaris Partners, Founders Fund and others. More than the new dollars invested, we are humbled by the organizations supporting us.
Realogy is the largest owner and operator of real estate brokerages in America. They touch more transactions than anyone, nearly 350,000 sides per year, with leading brands like Century 21, Coldwell Banker, Sotheby’s, Corcoran, Better Homes and Garden, and others. We are humbled to join forces with Realogy and their 289,000 associates to reimagine the home-buying experience from end-to-end.
Lennar is the country’s largest homebuilder, building more than 29,000 homes in 2017 alone. They’ve taken a leading role in bringing new technologies to market that improve how people find, finance, and ultimately enjoy their homes. Lennar is at the forefront of providing a digital mortgage experience via their subsidiaries, Eagle Home Mortgage and NATIC. We’re thrilled to provide the final missing step, the online closing, and to work with Lennar to lead the industry toward a truly digital home buying experience.
Beyond today’s news, we’ve partnered with the country’s largest wholesale lender, United Wholesale Mortgage, five of the top title underwriters, more than 100 lenders and title companies, and more than 3,000 other businesses across insurance, financial services, construction, et al. We cannot thank these organizations enough for their support and for the opportunity to serve them. Together, we are transforming industries.
We are still at the very beginnings of our journey at Notarize. We’ll continue to develop industry-leading products and services that deliver remarkable customer experiences for everyone involved. A huge thank you to our customers, partners, employees, and advocates who have supported us thus far, we’re excited to continue working together.
We can’t wait to show everyone what comes next. Onward.
Founder and CEO