Digital title and escrow platform Endpoint has closed a $40m investment from its parent company First American Financial Corporation.
The capital injection will enable the company to increase its hiring plans, enhance its technology development and expand into new US markets.
Based in Seattle, the company offers real estate agents, buyers and sellers with a simplified way of completing the title and escrow process. The mobile app offers real-time notifications, transaction dashboards, progress tracker, in-app messaging, e-sign and document management, and is supported by a dedicated closing team.
The platform is also available in California and Arizona.
It has witnessed strong growth over the year, having doubled its employee based and launching a series of platform enhancements.
Endpoint CEO Scott Martino said, “Today’s home buyers and sellers live, work and play predominantly online where they expect a certain level of convenience and speed. Endpoint combines innovative technology with the expertise of experienced escrow officers and provides a digital compass for the most significant purchase of a home buyer’s lifetime.
“Our team is committed to supporting real estate agents and their clients as they navigate this process, while rapidly and conveniently completing their transactions.”
With the capital injection completed, the PropTech platform has raised a total of $70m in funding to date.
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