Especially a year ago, when the world became virtual, there was a demand for a remote notary verification service via the Internet type the 130m series 760m. The ability to review a document from home is suddenly a necessity.
Pat Kinsel, founder, and CEO of Boston-based Notarize, advocates for national legislation that would require more people in more states to allow their documents to be digitally notarized. These efforts paid off. After seeing a 600% increase in sales last year, Notarize announced a Notarize Crunchbase $130M At $760M by fintech venture capital firm Canopy Ventures.
The insurer has a net worth of $760 million, more than tripling when it raised $35 million in Series C in March 2020. The insurer has raised $213 million since its 2015 debut.
Several investors are participating, including Cumber Creek, Ludlow Ventures, NAR Second Century Enterprises, and Fifth Wall Ventures, as well as independent growth funds Alphabet Capital G, Citi Ventures and Wells Fargo, as well as True Bridge Capital Partners.
Rise $130M At $760M Series C Round Led NotarizeTo
According to the author, “We are not just an organization of writers.” Neil Underwood, a partner at Kenapi Ventures, calls it the “last mile” for companies like iBuyers. Corporate channels also provide these companies with “proof of trust and identity.”
Notarize has grown exponentially in the market over the past year and has signed new agreements with organizations such as Adobe, Dropbox, Stripe, Zillow Group, and more. Real estate, financial services, retail, and automotive industries saw a significant increase in demand.
“In 2020, the world is rapidly going digital. Companies in every industry need to go digital immediately to keep up with the growth of online commerce. Insurers are there to fulfill these contracts with certainty, convenience.”, with confidence.”
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The company aims to use the new funding to expand its platform, products, and services to “service organizations of all sizes.” In addition, the number of employees will also increase next year.
Kanapi’s Underwood says authentication is disrupting traditional business models and technologies, particularly in the financial services industry, where many companies need to offer secure digital alternatives to in-person transactions. The secretary’s appointment comes after a strong year, Kinsell said, marking a successful transition.
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