Cloudvirga

lendingother lending

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 17/07/2020

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About

Cloudvirga provides a cloud-based mortgage platform that helps to automate the lending process. The platform helps to digitize the mortgage industry by leveraging data and deploying an automated workflow to reduce overall cost, increase transparency, and shorten the time it takes to close a loan for both borrowers and lenders.

Focus

PRODUCTS & SERVICES

Cloud-based mortgage platform for borrowers and lenders.

MAIN CLIENTS

Mortgage Institutions

People

FOUNDERS

Kyle Kamrooz

Bill Dallas

Mark Attaway

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Dallas Capital Management

Incenter

Riverwood Capital

Tribeca Angels

Tribeca Early Stage Partners

Upfront Ventures

KEY EMPLOYEES:

Kyle Kamrooz (COO); Bill Dallas (CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$77.5 M

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 M  · Jul 2016

SERIES B  · $20 M  · Mar 2017

SERIES C  · $50 M  · May 2018

LISTED

NO

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