Notarize, a notary public platform allowing a person or business to get documents legally notarized online, announced $20 million in new funding, bringing total f to date to $31 million.
The round was led by Polaris Partners, with participation by Lennar Corporation, Peter Thiel’s Founders Fund, Fifth Wall Ventures, Second Century Ventures, the venture arm of the National Association of Realtors (NAR), and a subsidiary of Realogy Holdings Corp.
“We have hit significant milestones in our first two years in market, including the introduction of our API and Enterprise products, as well as the country’s first platform to bring real estate closings online, Notarize for Mortgage,” said Pat Kinsel, founder and CEO of Notarize.
“We’ve delighted customers with our products, maintaining a near perfect 4.9 rating in the App Store. We are proud to have these first-of-their-kind solutions make such impact in several industries, from banking, to construction and real estate.”
Dave Barrett, managing partner at Polaris, commented, “We are compelled by the market size of 1.2 billion notarized transactions a year and the $32 billion they represent.
“Notarize saw the potential to address the pain points of traditional notary with a secure, streamlined solution that is already saving government, businesses and consumers countless hours and dollars. Very few companies truly transform industries; the impact they stand to have on the real estate industry is particularly exciting.”