JetClosing is a technology company.
JetClosing has raised $42.0M across 4 funding rounds.
JetClosing has raised $42.0M in total across 4 funding rounds.
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emerged as one of the first spinouts from Seattle startup studio Pioneer Square Labs in 2016, aiming to digitize the outdated title and escrow process in real estate.[1][2] Co-founded by Daniel Greenshields, who served as initial CEO and pitched it as a "drama-free" consumer-friendly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.
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, Bain Capital Ventures, IPD Capital.
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 |
|---|---|---|---|
| Mar 1, 2021 | $11.0M Series B | Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann LeCun | |
| Jul 1, 2020 | $9.0M Series B | Accel, Bain Capital Ventures, IPD Capital, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann LeCun | |
| Jun 1, 2018 | $20.0M Series A | Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann LeCun | |
| Jul 1, 2017 | $2.0M Seed | Accel, Pioneer Square Labs, Staenberg Venture Partners, Amit Mital, Charlie Songhurst, Joshua Schachter, Mark Hager, Yann LeCun |