Funds will support the company as it modernizes the real estate closing process
Real estate tech company Flueid has announced raising $20 million in Series B funding, led by Aquiline Technology Growth, with participation from Commerce Ventures.
According to its release, $5 million of the funding is part of a relationship extension with Silicon Valley Bank (SVB). Flueid plans to use the proceeds of the financing to advance its technology suite and scale its products.
“Flueid is focused on bringing data forward that expedites decision-making and unlocks processes, no matter where a client sits within the ecosystem,” said Peter Bowman, co-founder and CEO of Flueid. “Over the last 18 months, we’ve evolved our technology to power multiple transaction types and arm our partners with a modern, tech-forward solution that helps them capitalize on any market shift. This funding reinforces shared confidence in our go-to-market strategy and our vision to power the real estate transaction from end-to-end with Flueid’s data, decisions and insights at the core.”
“We are excited by Flueid’s exponential growth and product maturation, especially since our initial Series A investment just over 18 months ago,” said Jeff Greenberg, chairman and CEO of Aquiline Capital Partners. “The company has combined its deep real estate industry knowledge and technology expertise to create a platform that’s enhancing real estate transaction workflows while minimizing risk. We look forward to supporting Flueid’s continued growth.”
Read more: Fleuid completes capital injection for digital mortgage ramp-up
“A home is one of life’s most important milestones and assets,” added Peter Richter, president and co-founder of Flueid. “We are building toward a future where the consumer can have a seamless real estate experience, whether they are a first-time buyer or a long-standing owner. Our expanded partnership with ATG will allow us to support clients at every step of the transaction and deliver the on-demand experience consumers have come to know and expect in their digital journeys.”
