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§ Private Profile · Seattle, WA, USA
A technology-enabled title and escrow company digitizing real estate closings for buyers, sellers, and realtors via a mobile platform for digital.
JetClosing was a technology-enabled title and escrow company based in Seattle, Washington, that digitized the real estate closing process. The company provided a mobile platform with real-time status updates, digital documents, and remote notarizations, aiming to streamline closings for agents, lenders, buyers, and sellers across states including Arizona, Colorado, Nevada, Florida, Pennsylvania, Texas, and Washington. Operating on a model that charged flat escrow fees and earned revenue from title insurance, JetClosing raised approximately $46.25 million in total funding, including an $11 million Series B in March 2021. A spinout from Pioneer Square Labs, the company saw leadership from individuals like President and CEO Anna Collins. JetClosing announced its shutdown, with operations ceasing on June 15, 2022. It was founded in 2016 by Daniel Greenshields.
JetClosing has raised $42.0M across 4 funding rounds.
JetClosing has raised $42.0M in total across 4 funding rounds.
JetClosing has raised $42.0M across 4 funding rounds. Most recently, it raised $11.0M Series B in March 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2021 | $11M Series B | — | Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann Lecun, T. Rowe Price Associates | Announced |
| Jul 1, 2020 | $9M Series B | T. Rowe Price Associates | Accel, Bain Capital Ventures, IPD Capital, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann Lecun | Announced |
| Jun 1, 2018 | $20M Series A | Henry Ellenbogen | Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann Lecun, Imagen Capital Partners, Maveron | Announced |
| Jul 1, 2017 | $2M Seed | — | Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann Lecun, Maveron | Announced |
JetClosing has raised $42.0M in total across 4 funding rounds.
JetClosing's investors include Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann LeCun, T. Rowe Price Associates, Bain Capital Ventures, IPD Capital, Henry Ellenbogen.
JetClosing was a Seattle-based technology company founded in 2016 that built a digital platform to streamline real estate closings, providing title insurance, escrow, closing, and post-closing services.[1][2] It served home buyers, sellers, realtors, and mortgage professionals by solving the inefficiencies of traditional paperwork-heavy processes through machine learning, cloud computing, and mobile tools for faster, cheaper, and more transparent transactions, including flat escrow fees and immediate payouts.[1][2][3] The company raised $46.25M across rounds like a $20M Series A in 2018 and $11M Series B in 2021, operating in states including Arizona, Colorado, Nevada, Florida, Pennsylvania, Texas, and Washington, but shut down on June 15, 2022, amid competition from incumbents and players like Qualia.[1][2]
JetClosing emerged as one of the first spinouts from Seattle startup studio Pioneer Square Labs in 2016, aiming to digitize the outdated title and escrow process in real estate.[1][2] Co-founded by Daniel Greenshields, who served as initial CEO and pitched it as a "drama-free" consumer-friendly product with massive expansion potential, the company was later led by President and CEO Anna Collins starting in 2021; Collins brought experience from Amazon (GM of Worldwide Prime), Bulletproof, Microsoft, and others.[2] Early traction came from a booming U.S. real estate market and COVID-19-driven digital adoption, with offices in Seattle, Las Vegas, Phoenix, and Texas cities, though it ultimately ceased operations in 2022.[1][2]
JetClosing rode the proptech wave digitizing real estate, particularly title and escrow—a sector ripe for disruption due to decades-old manual processes amid rising online homebuying trends accelerated by COVID-19.[1][2] Its timing capitalized on a hot U.S. housing market and remote transaction demands, influencing the ecosystem by pioneering mobile closings and transparency, which pressured incumbents and competitors like Qualia to innovate.[1][2][5] Though it shut down in 2022, JetClosing exemplified early efforts to modernize "life's biggest transactions," paving the way for broader adoption of digital mortgages, e-signatures, and automated title software in real estate.[1][2][3]
JetClosing's 2022 shutdown marked the end of an ambitious proptech experiment, unable to sustain against entrenched competitors despite strong funding and tech innovations.[1][2] No revival is indicated, but its legacy endures in the evolved digital closing landscape, where survivors like Qualia continue advancing automation.[1] Trends like AI-driven efficiencies and remote real estate will shape successors, potentially amplifying JetClosing's early vision of frictionless, transparent closings across the industry.