Austin, Texas-based mortgage tech startup Fleuid has secured funding to help bolster its digital platform expansion.
Fleuid announced Monday that it had closed a Series A financing round led by Aquiline Technology Growth (ATG) with additional participation from Commerce Ventures. In addition to growing the Flueid platform, the company will also use the capital injection to support business development growth and expand integrations with client and industry partners.
“This funding validates a year of record growth and revenue,” said Flueid CEO Peter Bowman. “We’re delivering key real estate industry differentiators without disrupting workflow for a variety of customers, including new FinTech solution providers who are digitizing the mortgage process. It has been exciting to witness how Flueid’s technology is driving efficiency and measurably reducing risk for all customers while effectively streamlining the management of their pipeline.”
Launched in 2017, Flueid offers a digital platform to enable immediate certainty for title insurability, backed by select underwriters, at the start of the loan lifecycle, enabling customers to take control and streamline their workflow. The software also provides clear informational and action items throughout loan origination, fulfillment, and closing.
“By automating manual processes with technology and data, Flueid is helping transform key segments of the mortgage lifecycle to generate a cost and time-efficient experience. We believe Flueid has the potential to disrupt how mortgages are fulfilled today, and we’re excited to join the team,” said Vivek Krishnamurthy, principal at Commerce Ventures.