States Title Raises $123M in Series C

States Title has successfully raised $123M in a Series C at a $500M valuation led by Lennar Corporation, Thomvest Ventures, Bullpen Capital, Initialized Capital, Lennar Ventures.

Company Overview

States Title is a PropTech company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2016 with 300+ employees.

Digital title and settlement platform

Fundraising Details

Amount Raised: $123M
Round Type: Series C
Valuation: $500M
Date: 2024-02-25
Investors: Lennar Corporation, Thomvest Ventures, Bullpen Capital, Initialized Capital, Lennar Ventures

About States Title

Digital title and settlement platform The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 548 Market Street, San Francisco, CA 94104
Founded: 2016
Team Size: 300+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in States Title's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. States Title's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $500M valuation marks an important milestone for States Title, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, States Title is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-02-25. For more information about States Title, visit their headquarters at 548 Market Street, San Francisco, CA 94104.