• FOUNDING YEAR: 2016
    LOCATION:
    United States
    REGION:
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Cloud-based mortgage platform for borrowers and lenders.
MAIN CLIENTS:
Mortgage Institutions

PEOPLE

FOUNDERS:
Kyle Kamrooz, Bill Dallas
INVESTORS:
Dallas Capital Management, Incenter, Tribeca Angels, Upfront Ventures, Incenter, Riverwood Capital
KEY EMPLOYEES:
Kyle Kamrooz (COO); Bill Dallas (CEO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$72.5 Millions
DATE OF LAST FUNDING:
May 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund to support Cloudvirga’s mission to help lenders reduce record-high loan production costs via automation and empower borrowers with greater transparency and engagement in the mortgage transaction(May 2018).
FUNDING SERIES:
SERIES A
$7.5 Millions Closed: Jun 2016
SERIES B
$15 Million Closed: Mar 2017
SERIES C
$50 Millions Closed: May 2018
LISTED:
NO

LATEST RESEARCH